1.12% is the change from 712 to 720
Calculation steps:
[( 720 - 712 ) ÷ 712] x 100 = 1.12%
Formula
Percentage change = [(720 - 712) / 712] x 100
Subtract the new number by the original number
720 - 712 = 8
8 ÷ 712 = 0.011235955056179775
0.011235955056179775 x 100 = 1.12%