SOLUTION: My monthly disability went from $468.00 to $ 492.00. What is the percentage of the raise? I know it rose by $24, but I can't figure out the percentage. Thank you!

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: My monthly disability went from $468.00 to $ 492.00. What is the percentage of the raise? I know it rose by $24, but I can't figure out the percentage. Thank you!       Log On

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Question 584952: My monthly disability went from $468.00 to $ 492.00. What is the percentage of the raise? I know it rose by $24, but I can't figure out the percentage.
Thank you!
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Percent Increase = [(New - Old)/(Old)]*100

Percent Increase = [(492-468)/468]*100

Percent Increase = [24/468]*100

Percent Increase = [0.05128]*100

Percent Increase = 5.128%


So it rose roughly 5.128%.