Question

Last year Jo paid ?245 for her car insurance. This year she has to pay ?883 for her car insurance. Work out the percentage increase in the cost of her car insurance.

Answer 1

The increase as a percentage is (2.60)(100%) = 260%

Explanation:

The premium increase from last year is ($883 - $245), or $638.

The increase as a ratio is then $638/$245, or 2.60.

The increase as a percentage is (2.60)(100%) = 260%