A business asset was worth $⁢42,650 last year and is now worth $⁢48,345 What is the percent increase in its value?

First find the increase: $48,345 − $42,650 = $5,695. Divide the increase by the original value and multiply by 100: ($5,695 ÷ $42,650) × 100 ≈ 13.4%. The correct choice is 13.4 percent.

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