1.12% is the change from 716 to 724
Calculation steps:
[( 724 - 716 ) ÷ 716] x 100 = 1.12%
Formula
Percentage change = [(724 - 716) / 716] x 100
Subtract the new number by the original number
724 - 716 = 8
8 ÷ 716 = 0.0111731843575419
0.0111731843575419 x 100 = 1.12%