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Step 1:I'll solve this step-by-step using the percent increase formula:
Step 2:: Identify the initial and final values
- Initial value: $$5
- Final value: 8
Step 3:: Calculate the absolute change
8 - 5 = 3
Step 4:: Calculate the percent increase using the formula
\frac{\text{Change in Value}}{\text{Original Value}} \times 100\% = \frac{3}{5} \times 100\%
Step 5:: Perform the calculation
\frac{3}{5} \times 100\% = 0.6 \times 100\% = 60\%
Final Answer
Key Insights: - Percent increase measures the relative growth from an initial value - The formula is: \text{Percent Increase} = \frac{\text{Final Value} - \text{Initial Value}}{\text{Initial Value}} \times 100\% - Always calculate the change relative to the original value
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