Question

The town of Maxwell increased its annual budget from $1,600,000 to $ 1,800,000. find the percent increase in the budget

Answer 1

To find the percentage increase, the equation is simple.

`(x-y)/(x)*100`
X is the initial, and Y is the final.
Remember to take the absolute value of the answer
In this equation, the answer is:

`(16-18)/(16) = 0.125*100 = 12.5percent`