2 years ago

In 1993 eggs cost $0.87 a dozen. In 2003 it cost $1.56 a dozen. How much did the eggs appreciate (percent of increase)?

Mathematics

1 answer:

rusak2 [61]2 years ago

4 0

Answer:

190%

Step-by-step explanation:

$1.56 is close to nearly 2x the value of $0.87

You can start by multiplying $0.87 by 2 to get $1.74

Now put $1.56 / $1.74

This gets you 0.89655172

By rounding this, you can get to 0.90

Move the decimal places two spots over to get a percentage = 90%

Since the eggs didn't decrease in value, you can add the 100% from the beginning of the problem.

100+90=190%

You might be interested in

If you're starting salary is 40,000 and you receive a 3% increase at the end of every year what is the total amount in dollars y

storchak [24]

$\bf \qquad \textit{Amount for Exponential Growth}\\\\
A=I(1 + r)^t\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
I=\textit{initial amount}\to &40000\\
r=rate\to 3\%\to \frac{3}{100}\to &0.03\\
t=\textit{elapsed time}\to &15\\
\end{cases}
\\\\\\
A=40000(1+0.03)^{16}\implies A=40000(1.03)^{16}$