Question

A product that cost 2,000 increase by 5% in June. The new June price of the product increased by 5% on December 1st. How many dollars did the product increase by Dec 1. I don't have a clue! Can you please help

Answer 1

The June price was 2000(1.05)=2010
the December price was 2010(1.05)=you do it.