16.5% is the change from 103 to 120
Calculation steps:
[( 120 - 103 ) ÷ 103] x 100 = 16.5%
Formula
Percentage change = [(120 - 103) / 103] x 100
Subtract the new number by the original number
120 - 103 = 17
17 ÷ 103 = 0.1650485436893204
0.1650485436893204 x 100 = 16.5%