It should be noted that the value of the percentage increase is 8%.
From the information given, it was stated that the value of a house has increased by $4,200 in the past year while the value last year was $52500.
Therefore, the percentage increase will be:
= (4200/52500) × 100
= 0.08 × 100
= 8%
Therefore, the percentage increase is 8%.
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The percent that has the value increased if the value last year was $52,500 is 8%.
Using this formula
Percentage increase=Increased in value past year/Increased in value last year×100
Let plug in the formula
Percentage increase=$4,200/$52,500 × 100
Percentage increase=8%
Inconclusion the percent that has the value increased if the value last year was $52,500 is 8%.
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