$42,500 because 45900 dividede by 1.08 is 42500
10 1/18...........................................
...................................................
The answer would be 13.3333333 or just 13.33
Explanation:
The formula for calculating the percent change in a value between two points in time is:
p
=
N
−
O
O
⋅
100
Where:
p
is the percent change - what we are solving for in this problem.
N
is the New Value - 62 inches in this problem.
O
is the Old Value - 56 inches in this problem.
Substituting and solving for
p
gives:
p
=
62
−
56
56
⋅
100
p
=
6
56
⋅
100
p
=
600
56
p
=
10.7
rounded to the nearest tenth.
Ricardo gres 10.7%
