In this case, we'll have to carry out several steps to find the solution.
Step 01:
Data
initial money = $8
final money = $11
percent of change = ?
Step 02:
percent of change
percent of change = ( final money - initial money ) / initial money * 100
= ( 11 - 8 ) / 8 * 100
= 3/8 * 100
= 0.375 * 100 = 37.5 %
The answer is:
The percent of change is 37.5 %
