Question

In 1975, a Camaro cost $4,000. In 2022, a Camaro cost $25,000. What was the percent of change from

1975 to 2022 in the cost of a Camaro? Show work. Label your answer as increase or decrease.

Please help me
I give 20 points

Thanks

Answer 1

525% increase

Explanation:

The percentage increase formula is:

(new number - old number/old number) × 100

We can now put in our numbers to substitute the variables.

(25000-4000/4000) × 100

=(21000/4000) × 100

=(5.25) × 100

= 525

Therefore, the answer is a 525% increase.

Hope this helps and good luck on your homework!

Answer 2

420%. and it will be labeled as increase.