Question

Terry pays £480 per month in rent.

His landlord decides to increase the rent by 7.5%.
How much rent does he pay now?

Answer 1

Answer: £516

Explanation:

7.5 increase = 100 + 7.5 = 107.5

107.5/100 = 1.075 (multiplier)

480 x 1.075 = 516