Question:
A few years ago, Sarah acquired a parcel of land valued at
Last updated: 7/13/2022
![A few years ago, Sarah acquired a parcel of land valued at](https://media.kunduz.com/media/sug-question/raw/57952964-1657680871.677296.jpeg?h=512)
A few years ago, Sarah acquired a parcel of land valued at $16,500. Today, that same parcel of land has a value of $18,975. Find the percent increase in the property's value. Round your answer to the nearest hundredth, if necessary.