Question

Engineering students at Dayton College last year received an average of $2,750 in scholarships and grants. This year, the average is $7,260. What is the percent of increase in the average amount?

Answer 1

164%

Explanation:

Follow this formula:

Percent Increase = (New Value - Old Value / Old value) * 100

The old value is last year, the new value is this year, input as followed:

Percent Increase = (7,260 - 2,750 / 2,750) * 100

Percent Increase = (4,510/2,750) * 100

Percent Increase = 164%

The percent increase in the average amount is 164%