Question

The price of an ounce of sliver in 1975 was $4.35. Today, an ounce of sliver is worth $ 19.45. How much has the value of sliver increased from 1975 to the nearest whole percent?A. 3%B. 35%C. 347%D. None of aboveI need help with this and it is not for a test or for a grade.

Answer 1

1975 price = $4.35

today price = $19.45

Increase = 19.45 - 4.35

= 15.1

4.35 ----------------------------- 100%

15.1 -------------------------------- x

x = (15.1 x 100)/4.35

x = 347.12 %

Nearest whole percent = 347%

Letter C