## The cost of healthcare insurance for family of four rose from $4800 per year to $6400 per year. What was the person of increase in the cost

Question

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## Answers ( No )

Hello!

To calculate percent increase, we must use a certain formula. The formula is:

[(New Value – Old Value) / Old Value × 100]

Substitute:

[(6,400 – 4,800) / 4,800 × 100] = 33.33333333

Since this is a repeating decimal and we don’t want to write all those 3s, simply put a bar above the 3 that’s after the decimal point, to indicate that it is a repeating decimal.

ANSWER:

The percentage increase is 33.3%(Repeating).