Question

Find the percent increase in daycare spending from 1997 to 1998. Round to the nearest percent.

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Answer 1

The percentage increase in spending is 10%

The percentage increase in spending can be calculated thus ;

• (Difference in amount/ spending in 1998) × 100%

Difference = 240 - 219 = $21

Percentage increase = (21/219) × 100%

= 0.09589 × 100%

≈ 10%

Therefore, the percentage increase in spending ≈ 10%