Question 53
MediumOriginal questionA newspaper's number of subscribers fell by 20% in the first year, rose by 25% in the second year and rose by 10% in the third year. What was the overall percentage increase over the three years?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Overall multiplier = .
, so the multiplier is 1.1.
Overall increase = 10%.
Worth noting
Adding the three rates gives 15%, which ignores that each change acts on a different base.
- Concept
- Net effect of three successive changes
- Typical timeTypical
- 60 s
- Your timeYours
- —
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