Question

In 1995, the standard bus fare in a city was $1. In 2022, the standard bus fare was $2.25. Find the percent

increase. (Round to the nearest tenth of a percent.)
Answer:
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Answer 1

I assume what was meant was $1.50 for the original value here because it is the only solution that would make sense for this case. There was a 50% increase from 1995 to 2022.

The formula for percent change is:

New value - old value / old value

Given the formula, we can set up an equation:

2.25 - 1.50 = 0.75

0.75 / 1.50 = 0.50

Therefore, the percent change would be 50% if $1.50 was meant here.