Question

Over a four month period the price of an ounce of gold steadily increased from

$1000 to $1400. What was the monthly multiplier? What was the monthly
percent increase?

Answer 1

%10

Explanation:

If the gold steadily increased $400 over a four-month period, we need to figure out how much the gold increased each month.

400 ÷ 4 = 100

Now that we figured out that the gold steadily increased $100 every month, we now need to figure out what percent it grew.

1000 ÷ 100 = 10

The price grew %10 every month.