College Mathmatics

Question

State whether the following statement is true or​ false, and explain why. If the statement is​ false, state the true change.

If the profits in your consulting business increase by

6​%

one year and decrease by

3​%

the following​ year, your profits are up by

3​%

over two years.

Answer 1

let's say the 6% was .06(100) = $6

then the 3% was .03(106) = $3.18

106-3.18 = $102.82. which is only a 2.82% change, not 3% of the 100

statement is false, although 3 is close to 2.82