Appraisal Hike Percentage Calculator

Formula

The formula to calculate the appraisal hike percentage (AHP) is:

\[ AHP = \frac{NA - OA}{OA} \times 100 \]

Where:

Appraisal Hike Percentage: Refers to the percentage increase in the appraisal amount. It is calculated by dividing the difference between the new and old appraisal by the original appraisal amount, then multiplying by 100.

Let's say the new appraisal (NA) is $60,000 and the old appraisal (OA) is $50,000. Using the formula:

\[ AHP = \frac{60000 - 50000}{50000} \times 100 \]

We get:

\[ AHP = 20\% \]

So, the appraisal hike percentage is 20%.