Charlie is playing a game with his Dad.
Charlie thinks of a number.
He multiplies his number by x to get a new number.
His new number is 3% greater than his original number.
What is the value of x.
Answer:
Let Charlie’s number be y
When y is multiplied by x it equals a number 3% greater than y
A number 3% greater than y is equal to 1.03y
Therefore x = 1.03