Amount of new monthly rent of Chloe after increased by [tex]8[/tex] percent is equals to [tex]\$1015.2[/tex] .
What is percentage ?
" Percentage is defined as the hundredth part of a given number."
According to the question,
Given,
Amount of Chloe Denley's monthly rent [tex]= \$940[/tex]
Percentage by which monthly rent increased [tex]= 8\%[/tex]
Increased in amount of monthly rent [tex]= 8\%[/tex] of [tex]940[/tex]
[tex]= \frac{8}{100} \times 940[/tex]
[tex]= \$ 75.2[/tex]
New monthly rent after increased by [tex]8[/tex] percentage [tex]= \$(940 + 75.2)[/tex]
[tex]= \$1015.2[/tex]
Hence, amount of new monthly rent of Chloe after increased by [tex]8[/tex] percent is equals to [tex]\$1015.2[/tex] .
Learn more about percentage here
https://brainly.com/question/24159063
#SPJ2
