Last year Boris paid £256 for his car insurance. This year he has to pay £894 for his car insurance. Work out the percentage increase in the cost of his car insurance.
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Given:
- Last year car insurance = £ 256
- This year car insurance = £ 894
To find: the percentage increase in the cost of his car insurance
Solution:
So, the increase of car insurance is
= This year car insurance - Last year car insurance
= £ (894 - 256)
= £ 638
Therefore the required increase of percentage in the cost of his car insurance is
= 638/256 * 100 %
= 249.21875 %
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