I assume what was meant was $1.50 for the original value here because it is the only solution that would make sense for this case. There was a 50% increase from 1995 to 2022.
The formula for percent change is:
New value - old value / old value
Given the formula, we can set up an equation:
2.25 - 1.50 = 0.75
0.75 / 1.50 = 0.50
Therefore, the percent change would be 50% if $1.50 was meant here.
