Question

The lorry fare from Accra to Kumasi was GH¢1.20. The government increased the fare by 15%. Find the new price. Correct the answer to 1 decimal place

A) GH¢1.4

B) GH¢1.4

C) GH¢1.38

D) GH¢1.38

Answer 1

The new price is GH¢1.38 after a 15% increase from the original price of GH¢1.20.

Step-by-step explanation:

To find the new price, we need to calculate the 15% increase on the original price of GH¢1.20.

15% of GH¢1.20 is (15/100) * GH¢1.20 = GH¢0.18.

Adding this increase to the original price, the new price becomes GH¢1.20 + GH¢0.18 = GH¢1.38.

Therefore, the correct answer is GH¢1.38.