The monthly salary of a man increased from N2,700 to N3,200. Find the percentage increase
- 10%
- 15%
- 15.6%
-
18.5%
The correct answer is: D
Explanation
\(\% increase = \frac{Increase}{initial\hspace{1mm} salary}\times 100\%\\Increase=N3,200 - N2,700 = N500\\
Initial \hspace{1mm} salary=N2,700.00=\frac{N500}{N2,700}\times 100\% = 18.5\%\)