Question

Rate of interest changes from 10%to 20% what is the percentage change

Answer 1

Answer:

100%

Step-by-step explanation:

Formula for % (increase/decrease) = (difference/base value) *100 = {(20−10)/10} *100 = 100%

Answer 2

Concept-

Subtract the old from the new, then divide by the old value and find the a Percentage change.

Given-

The Rate of interest changes from 10%to 20%.

Find-

Find the percentage change from 10% to 20%.

Solution-

First, we have to calculate how much percent has increased

increase = 20% - 10% = 10%

10  is the increase in the original number. So we can calculate the percent change by using the formula

% change=Increase or decrease in number / original number × 100%

So , % change = 10 / 10 × 100

Percentage change = 100%

Therefore, the percentage change is 100%.

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