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A few years ago. Sarah acquired a parcel of land valued at $16,500. Today, that same parcel of land has a value of $17.820. Find the percent increase in the property's
value. Round your answer to the nearest hundredth, if necessary.

Respuesta :

frika

Answer:

8%

Step-by-step explanation:

Use formula

[tex]\text{Percent increase}=\dfrac{\text{New value - Old value}}{\text{Old value}}\cdot 100\%[/tex]

Old value = $16,500

New value = $17,820

Hence, the percent increase is

[tex]\dfrac{\$17,820-\$16,500}{\$16,500}\cdot 100\%=\dfrac{\$1,320}{\$16,500}\cdot 100\%=\dfrac{8}{100}\cdot 100\%=8\%[/tex]

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