1,000 increased by 2% = 1,020
1,000 increased by 2 percent is 1,020. Step-by-step solution with the formula and worked example.
1,000 increased by 2% = 1,020
increased by %
Solution: 1,000 increased by 2 percent
Increase = 2% × 1000 = 20
Result = 1000 + 20 = 1,020
Result = 1000 + 20 = 1,020
Step-by-step explanation
- Find the increase: 2% of 1,000 = 20.
- Add it to the original: 1,000 + 20 = 1,020.
- Shortcut: multiply by (1 + 2/100) = ×1.02.
Good to know
Shortcut: increasing by 2% is the same as multiplying by 1.02 (that is 100% + 2%). So 1,000 × 1.02 = 1,020 in a single step — handy for adding tax, interest or a markup.
Frequently asked questions
1,000 increased by 2 percent
1,000 increased by 2% = 1,020.
How is it calculated?
See the step-by-step solution above — it uses the standard percentage formula.
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