The approximate increase was 12.5%
Step-by-step explanation:
Given,
Initial budget = Old value = 800000
Increased budget = New value = 900000
Change = New value - Old value
Change = 900000 - 800000
Change = 100000
Percent increase = [tex]\frac{Change}{Old\ value}*100[/tex]
Percent increase = [tex]\frac{100000}{800000}*100[/tex]
Percent increase = [tex]\frac{100}{8}[/tex]
Percent increase = 12.5%
The approximate increase was 12.5%
Keywords: percentage, subtraction
Learn more about subtraction at:
- brainly.com/question/7932185
- brainly.com/question/788903
#LearnwithBrainly
