A man's health insurance premium for last year was ₹1,440. If he paid ₹1,512 this year, what is the percentage increase on his health insurance premium?

Correct option is A

Given:

Last year's premium = ₹1,440

This year's premium = ₹1,512

Formula Used:

​$$\text{Percentage Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100$$​​

Solution:

​$$\text{Percentage Increase} = \left( \frac{72}{1440} \right) \times 100$$​​

= $$\left( 0.05 \right) \times 100=5\%$$

Option (A) is right.