New value =
16,870 + Percentage increase =
16,870 + (3% × 16,870) =
16,870 + 3% × 16,870 =
(1 + 3%) × 16,870 =
(100% + 3%) × 16,870 =
103% × 16,870 =
103 ÷ 100 × 16,870 =
103 × 16,870 ÷ 100 =
1,737,610 ÷ 100 =
17,376.1
Rounded to 2 DP: 17376.10
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Hope this helps! Stay safe, have a good day :D
