How to calculate percentage increase in monthly expenses from original to new amount?
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My monthly expenses were $ , and after a year, they increased to $ .
By what percentage did my expenses increase?
Type of calculation: Calculating percentage change (increase).
Calculator usage:
Use the Percentage Change CALCULATOR ("What is the percentage change from the Original value to the New value?"). Enter the original expense value as "Original" (2000) and the new expense value as "New" (2200). The calculator will calculate the percentage change.
Explanation using a formula:
We are looking for the percentage change from 2000 to 2200.
Formula: ((New value - Original value) / Original value) * 100%
Percentage change = ((2200 - 2000) / 2000) * 100% = (200 / 2000) * 100% = 0.1 * 100% = 10%
Calculator usage:
Use the Percentage Change CALCULATOR ("What is the percentage change from the Original value to the New value?"). Enter the original expense value as "Original" (2000) and the new expense value as "New" (2200). The calculator will calculate the percentage change.
Explanation using a formula:
We are looking for the percentage change from 2000 to 2200.
Formula: ((New value - Original value) / Original value) * 100%
Percentage change = ((2200 - 2000) / 2000) * 100% = (200 / 2000) * 100% = 0.1 * 100% = 10%
Answer: Your expenses increased by %.