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Math·Problem-Solving and Data Analysis·Percentages

easy

A company’s annual revenue was x dollars in 2012. The revenue increased by 12% from 2012 to 2013, and increased by 4% from 2013 to 2014. If the revenue in 2014 was y times the revenue in 2012, which expression represents y?

A

$(1.12)(1.04)$

B

$(1.12)+(1.04)$

C

$\frac{1.04}{1.12}$

D

$\frac{1}{(1.12)(1.04)}$