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A multiplier which deals with financial matters 1/1-mpc
Ashley Champlin
Wiki User
∙ 6y agoA multiplier is any number which is multiplied into something. A common use for a multiplier is in calculating percentage changes. In order to increase a number by r%, you use the multiplier (1 + r/100). For a % decrease, it is (1 - r/100).
For example, to increase 560 by 3%, the multiplier is (1 + 3/100) = (1 + 0.03) = 1.03
So the answer is 560*1.03 = 576.8
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