The percent of change will be a percentage increase because we go from a smaller number to a larger number. To find a percentage increase, we will use the percentage increase formula:
% increase = final value - original value / original value x 100
Substituting the values in:
% increase = (8,200) - (7,500) / 7,500 x 100, where 8,200 is the new value and 7,500 is the original value.
Simplification after multiplication: 700 / 7,500 x 100
Simplification after division: 0.093 x 100
Simplification after multiplication of 100: 9.333%.
