George's hourly rate increased from $15.00 to $18.10 in January 2019. Find the percent change in his hourly rate.
%
Round to two decimal places if necessary
To find the percent change in George's hourly rate, we can use the formula:
Percent Change = [(New Value - Old Value) / Old Value] x 100
Plugging in the values, we get:
Percent Change = [(18.10 - 15.00) / 15.00] x 100
Percent Change = (3.10 / 15.00) x 100
Percent Change = 0.2067 x 100
Percent Change = 20.67%
Therefore, George's hourly rate increased by 20.67% from $15.00 to $18.10.