SOLUTION: Kelly used to pay $500 a month for rent. Now she pays $525 a month for rent. By what percent did her rent increase?

Question 1031667: Kelly used to pay $500 a month for rent. Now she pays $525 a month for rent. By what percent did her rent increase?
Found 2 solutions by Fombitz, fractalier:
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

5% increase.
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
% increase = (new amount - old amount)/old amount (x 100%) = (525 - 500)/500 = 25/500 = .05 (x 100%) = 5%
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