Answer:
It increased by 18.75%
Solution:
The formula for increase in percentage is:
[tex]\frac{(Final Value - Initial Value)}{Initial Value} * 100[/tex]
Then the solution will be:
[tex]\frac{(9500 - 8000)}{8000} * 100\\\\\frac{1500}{8000} * 100\\\\0.1875 * 100\\\\= 18.75%[/tex]
