Given our current rail fare of £16.25, we are looking for the price of the rail fare after a 5% increase.
To find the value of a 5% increase, we can multiply the rail fare by 1.05 since it is 5% added to the total value.
Or, we can multiply the rail fare by 5 and then divide by 100 to get how much will be added onto it.
Let's do both of them:
Increase: 5%
Equation: 1.05 x 16.25
1.05 x 16.25 = 17.06 rounded to the nearest cent
Rail Fare after 5% increase: £17.06
Increase: 5%
Equation: (5 x 16.25)/100
81.25/100 = .81 rounded to nearest cent
Then, we add them together.
16.25 + 81 = 17.06
Rail Fare after 5% increase: £17.06
