Answered

The price of gold is often reported per ounce at the end of 2005 this price was 513 at the end of 2015 it was 1060 by what percentage did the price per ounce of gold increase

Answer :

Answer:

206.63 %

Step-by-step explanation:

Hello, I can help you with this.

you can easily solve this by using a rule of three

Step one

define the data to use

year:2005

price:513

this is our initial value, the 100 percent (100%)

513⇔100%

then, in 2015 the price was 1060

year:2015

price:1060

%=x( the unknown number)

Step two

do the relation

[tex]\frac{513}{100} =\frac{1060}{x} \\and\ solve\ for\ x\\\\513*x=1060*100\\x=\frac{106000}{513}\\x=206.63[/tex]

so, the percentage that the price per ounce of gold increase was 206.63%

I really hope it helps, Have a great day.

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