Sure! Let’s walk through the steps to increase £50 by 15%.
1. Identify the Initial Amount:
The initial amount we are working with is £50.
2. Determine the Percentage Increase:
We want to increase the initial amount by 15%.
3. Calculate the Increase Amount:
To find the amount of the increase, we convert the percentage into its decimal form by dividing it by 100. So, 15% becomes 0.15.
Next, we multiply this decimal by the initial amount:
[tex]\[
\text{Increase Amount} = 0.15 \times 50 = 7.5
\][/tex]
4. Calculate the New Amount:
Finally, we add the increase amount to the initial amount to get the new amount:
[tex]\[
\text{New Amount} = 50 + 7.5 = 57.5
\][/tex]
So, when you increase £50 by 15%, the amount of the increase is £7.5, and the new total amount is £57.5.
