Question

A streaming service charges $9/month,The price increases to $10.50 next monthWhat is the percent increase?

Answer 1

16.67%

Step-by-step explanation:

The percentage of the increase can be calculated as:

`(v_f-v_i)/(v_i)*100`

Where vf is the final value and vi is the initial value. So, we can replace vi with $9 and vf by $10.50 to get:

`(10.50-9)/(9)*100=(1.5)/(9)*100=0.1667*100=16.67\text{ \%}`

Therefore, the answer is 16.67%