12.62% is the change from 103 to 116
Calculation steps:
[( 116 - 103 ) ÷ 103] x 100 = 12.62%
Formula
Percentage change = [(116 - 103) / 103] x 100
Subtract the new number by the original number
116 - 103 = 13
13 ÷ 103 = 0.1262135922330097
0.1262135922330097 x 100 = 12.62%