Question

this year you earned $75,500. Last year you earned 72,400 .What was the rate of change on your earnings since last year?a. 4.28%b. 4.68%c.. 4.92% d. 5.12%

Answer 1

Rate of the earning is given as,

`\begin{gathered} =(75500-72400)/(72400)*100 \\ =(3100)/(72400)*100 \\ =4.28\text{ \%} \end{gathered}`