you are looking to borrow $60,000 for college and are researching available loan options online. you narrow your choices to 2 of
1 answer:
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That's a 33% increase.
I calculated this using the formula:
Where n = the new value (16 in your question), o = the old value (12 in your question) and the result is outputted as a percent increase. You can check that this is correct by finding 33% of 12, adding the result to 12, and checking that the result equals your "new" number.
Note that 33% is only an approximation as your question requires a number rounded to the nearest whole.
I calculated this using the formula:
Where n = the new value (16 in your question), o = the old value (12 in your question) and the result is outputted as a percent increase. You can check that this is correct by finding 33% of 12, adding the result to 12, and checking that the result equals your "new" number.
Note that 33% is only an approximation as your question requires a number rounded to the nearest whole.
