Question

John had an annual income of $21500 in 2019.His annual income increased to $22790 in 2020. calculate the percentage increase.

Answer 1

6%

Explanation:

22790 - 21500 = 1290

What percentage is 1290 of 21500?
X/100 = 1290/21500 (cross multiply)

(1290*100)/21500 = 6%

Answer 2

6% increase

Explanation:

John's income in 2019: $21,500

2020: $22,790

1) Use the percentage increase formula:

[(New value - old value) / old value] * 100

The new value is $22,790 and the old is $21,500

2) Insert the values into the formula:

[(22,790 - 21,500) / 21500] * 100

[(1,290 / 21,500] * 100

The percentage increase is 6%.