Answer :
Sure, let's solve the problem step by step:
1. Identify the Initial Amount: We start with an initial amount of 51.7 million dollars.
2. Determine the Percentage Increase: The percentage increase that needs to be applied is 19.8%.
3. Calculate the Increase Amount:
- To find the increase, we multiply the initial amount by the percentage (converted to a decimal).
- So, the increase amount is calculated as: [tex]\(51.7 \times 0.198 = 10.2366\)[/tex] million dollars.
4. Calculate the New Total Amount:
- To find the new total amount, add the increase amount to the initial amount.
- So, the new total amount is: [tex]\(51.7 + 10.2366 = 61.9366\)[/tex] million dollars.
Therefore, after applying a 19.8% increase, the new total amount is approximately 61.94 million dollars.
1. Identify the Initial Amount: We start with an initial amount of 51.7 million dollars.
2. Determine the Percentage Increase: The percentage increase that needs to be applied is 19.8%.
3. Calculate the Increase Amount:
- To find the increase, we multiply the initial amount by the percentage (converted to a decimal).
- So, the increase amount is calculated as: [tex]\(51.7 \times 0.198 = 10.2366\)[/tex] million dollars.
4. Calculate the New Total Amount:
- To find the new total amount, add the increase amount to the initial amount.
- So, the new total amount is: [tex]\(51.7 + 10.2366 = 61.9366\)[/tex] million dollars.
Therefore, after applying a 19.8% increase, the new total amount is approximately 61.94 million dollars.
