The rental for a television set changed from N$80 per year to N$ 8 per month. What is the
percentage increase in the yearly rental?
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Step-by-step explanation:
Initial rent = N$ 80 per year
Final rent = N$ 8 per month
= N$ 8x12 per year (1 year = 12 months)
= N$ 96 per year
% increase in rent = ( (final rent - inital rent)/inital rent ) x 100%
=((96-80)/80)x100
=(16/80)x100
=0.2x100
=20%
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