SOLUTION: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest perce

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest perce      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 717741: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest percent?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest percent?
------
Quantitative increase: 8046-7323 = 723
-----
Percent increase: 723/7323 = 0.0987 = 10%
============================================
Cheers,
Stan H.