Answer:
Percent increase = 34.67% (Approx.)
Step-by-step explanation:
Given:
Old amount = $11.25
New amount = $15.15
Find:
Percent increase
Computation:
Percent increase = [(New amount - Old amount)/Old amount]100
Percent increase = [(15.15 - 11.25)/11.25]100
Percent increase = [(3.9)/11.25]100
Percent increase = 34.67% (Approx.)
