First we need to figure out what 2% of 1000 is. To write percent in decimal form, it becomes .02. (Just like 2 cents become .02 dollars).
.02 * 1000 = 20. So 2% of 1000 is 20.
We are starting with 1000, and increasing it by 2%, so 1000 + 20 = 1020.
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2,100% increase.
(66 and 2/3) percent increase
150% increase.
2% increase.
It is about: 2% increase