Question

a while back, gina paid a car insurance premium of $4,680 per year. now she pays $5,616. what is the percent of increase in ginas car insurance premium?

Explanation:

Step1: Calculate the increase amount

The increase amount is the new premium minus the old premium. So, \(5616 - 4680=\$936\)

Step2: Calculate the percentage increase

The formula for percentage increase is \(\frac{\text{increase amount}}{\text{original amount}}\times100\%\). Substitute the values: \(\frac{936}{4680}\times 100\%\)

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Answer:

\(20\)