An education budget went from $800,000 to $900,000. What is the approximate percent increase?

Question

The approximate percent increase is 13%.
The approximate percent increase is 89%.
The approximate percent increase is 98%.
The approximate percent increase is 113%.

Answer 1

To calculate the approximate percent increase from $800,000 to $900,000, you can use the following formula:

$$\text{Percent Increase}=\frac{\text{New Value}-\text{Old Value}}{\text{Old Value}}\times 100$$

Substituting the values:

$$\text{Percent Increase}=\frac{900,000-800,000}{800,000}\times 100$$

$$\text{Percent Increase}=\frac{100,000}{800,000}\times 100$$

$$\text{Percent Increase}=0.125\times 100$$

$$\text{Percent Increase}=12.5$$

Therefore, the approximate percent increase is about 13%.

So, the correct answer is: The approximate percent increase is 13%.