Question

A savings account increases from 250$ to 270$. What is the percent increase of the savings account?

Answer 1

Answer

Percent Increase = 8%

Explanation

Percentage Increase is given as

$\text{Percent Increase = }\frac{(New\text{ value) - (Old value)}}{Old\text{ value}}\times100\text{ percent}$

New value = 270 dollars

Old value = 250 dollars

$\begin{gathered} \text{Percent Increase = }\frac{270-250}{250}\times100\text{ percent} \\ \text{Percent Increase = }\frac{20}{250}\times100 \\ =8\text{ percent} \end{gathered}$

Hope this Helps!!!