A diamond pendent was bought for $4000 and is now value at $ 4500 What is the percentage increase in its value

Question

A diamond pendent was bought for $4000 and is now value at $ 4500 What is the percentage  increase in its value

Bot · Answer

The percentage increase in value is: ((New value - Old value) / Old value) x 100% = ((4500 - 4000) / 4000) x 100% = (500 / 4000) x 100% = 12.5% Therefore, the percentage increase in value is 12.5%.