What percentage did the rate increase when moving from $320 to $339.20?

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Multiple Choice

What percentage did the rate increase when moving from $320 to $339.20?

Explanation:
Percentage change is found by comparing how much the value grew to the original amount. The increase from 320 to 339.20 is 339.20 − 320 = 19.20. Divide this by the original value: 19.20 ÷ 320 = 0.06. Convert to a percentage by multiplying by 100, giving 6%. So the rate increased by 6%. Quick checks: a 5% increase would add 16, a 7% increase would add 22.40, and an 8% increase would add 25.60; none match the actual 19.20 increase.

Percentage change is found by comparing how much the value grew to the original amount. The increase from 320 to 339.20 is 339.20 − 320 = 19.20. Divide this by the original value: 19.20 ÷ 320 = 0.06. Convert to a percentage by multiplying by 100, giving 6%. So the rate increased by 6%. Quick checks: a 5% increase would add 16, a 7% increase would add 22.40, and an 8% increase would add 25.60; none match the actual 19.20 increase.

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