# Increase £14120 by 4%. Give your answer rounded to 2 decimal points?

You have one of two approaches here: 1. Calculate the value of 4% which equates to 0.04 x £14120 = £564.80. Simply add the value to the full amount: £14120 + £564.80 = £14684.80. 2. A 4% increase in a value can be calculated by multiplying your initial value by 1.04 (not to be confused with a 4% decrease which is calculated by multiplying your initial value by 96%). So, 1.04 x £14120 = £14684.80.

100% represents £14120. The decimal equivalent of 100% is 1 4% is converted to its decimal equivalent of 0.04. Therefore 1.04 * £14120= 14684.80 The numbers after the point give the decimal places/points.

£14120 X 1.04 = £14684.80

Hi, We can complete this in a few different ways. The easiest requires us to understand that we can change percentages into decimals. 100% = 1 (if you multiply something by 1, you still have that same original amount) 10% = 0.1 (1 divided by 10 is 0.1) 1% = 0.01 (0.1 divided by 10 is 0.01) So 4% = 0.04. If we want to increase an amount by a percentage, we find that amount (in this case 4%), and add it on to the original. So we start with 100% (1) and we add on 4% (0.04), that gives us 1.04. Hence, we if multiply 14,120 by 1.04 (which is just another way of writing 100% + 4% = 104%), we get to an answer of: £14,684.80 (remembering that it's to two decimal places!) Hope that helps.

Hi The simplest wait to increase anything by a percentage is to use the following method: If you want to increase by 4% Multiply £14,120 by 1.04 Which gives you the answer £14,684.80

In a calculator paper, you simply multiply 14120 by 1.04. the reason you do this is because the original amount of 14120 (100%) is 1 in decimal form, and 4% is 0.04 as a decimal. So multiplying by 1.04 gives you the final answer in one easy step. To increase by 7% you would multiple by (1+0.07=) 1.07, and to decrease by 7% you would multiply by (1-0.07=) 0.93. So 14120 X 1.04 = £14684.80 (DON'T FORGET TO ROUND TO 2D.P or you will lose a mark) In a non calculator paper, you find 1% which is £141.20 (since 10% is £1412), this means 4% is 4 times as much, so you can add this amount up 4 times using column addition to get £564.80 You then add the original amount of 14120 with 564.80 to get the same answer which is £14684.80.

4% of 14120 = 1.04x14120 = 14684.8