Question

Last year Jo paid £245 for her car insurance. This year she has to pay £883 for her car insurance. Work out the percentage increase in the cost of her car insurance.

Answer 1

260%

Explanation:

To solve how much the percentage increase cost of Jo's car insurance is, we first need to list down our variables.

1st year = £245

2nd year = £883

First off, we need to find the difference of the two.

Increase = £883 - £245

Increase = £638

Now to find the percentage increase, we take our increase and divide it by our 1st year's payment and multiply it by 100.

Percentage increase =
`(638)/(245)*100`

Percentage increase =
`2.60*100`

Percentage increase = 260%

So the percentage increase of last years payment to this years payment is 260%.