in february, rent increased from $875 to $915 per month. What is the percent of increase to the nearest percent?
should we like subtract 875 from 915 which gives us 40. and the set the equation
x% * 815 = 40
please help! i am stuck in this question!!!
x * 875 = 40
x = 40 / 875
x = 0.0457 = 5%
Thank You!
You're welcome.
To find the percent increase, we need to calculate the difference between the new rent and the old rent, and then divide it by the old rent. Finally, we multiply the result by 100 to get the percentage.
Here's how you can solve it:
1. Start by calculating the difference in rent:
New rent - Old rent = 915 - 875 = 40
2. Next, divide the difference by the old rent:
40 / 875 ≈ 0.0457
3. Multiply the result by 100 to get the percentage:
0.0457 * 100 ≈ 4.57
Therefore, the percent increase to the nearest percent is approximately 4%.