Question

This year you earned $75,500. Last year you earned $72,400. What was the rate of change on your earnings since last year

Answer 1

4.28%

Explanation:

We Know

Last year you earned $72,400

This year you earned $75,500

What was the rate of change in your earnings since last year?

We Take

(75,500 ÷ 72,400) x 100 ≈ 104.28%

Then We Take

104.28 - 100 = 4.28%

So, the earning increased by about 4.28%.