Question

Last year Boris paid £256 for his car insurance.

Answer 1

Answer:

The percentage increase in the cost of Boris car insurance cost is 249%

Step-by-step explanation:

In this question, we want to calculate the percentage increase in the cost of car insurance paid by Boris

Mathematically, to calculate this percentage increase, we shall need to make use of a mathematical formula.

Mathematically, the percentage increase would be;

{(new value paid-old value paid)/old value paid} * 100%

From the question, we can identify that the old value paid is £256 while the new value paid is £894

Thus, the percentage increase would be ;

(894-256)/256 * 100% = 638/256 * 100 = 2.4921875 * 100 = 249.21875 which is 249% increase to the nearest whole percentage