A few years ago, Sarah acquired a parcel of land valued at $13,800. Today, that same parcel of land has a value of $14,766. Find the percent increase in the property's value. Round your answer to the nearest hundredth, if necessary.

The percent increase in the property's value is 7% if the parcel of land is valued at $13,800. Today, that same parcel of land has a value of $14,766.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

We have:

A few years ago, Sarah acquired a parcel of land valued at $13,800. Today, that same parcel of land has a value of $14,766

Percentage increase:

[tex]= \rm \dfrac{14766-13800}{13800}\times 100[/tex]

= 7%

Thus, the percent increase in the property's value is 7% if the parcel of land is valued at $13,800. Today, that same parcel of land has a value of $14,766.

Learn more about the percentage here:

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