Question

You deposit $365$365 into a savings account. After one year, the amount in the account is $428$428. Which expression describes the percent of increase in the account balance?

Answer 1

Answer: There is 17.26% percent of increase in the account balance.

Step-by-step explanation:

Since we have given that

Amount deposited in saving account = $365

After one year,

Amount in saving account = $428

There is increase of

$\ 428-\ 365\\\\=\ 63$

Rate of increase in the account balance is given by

$\frac{63}{365}\times 100\\\\=17.26\%$

Hence,there is 17.26% percent of increase in the account balance.

Answer 2

Its approxamately 17.25%