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kicyunya [14]
3 years ago
6

the annual interest rate for jacks savings account increased from 2.8% to 4.1%. Describe the change as a relative change in term

s of a percentage. The annual interest rate increased by?
Mathematics
1 answer:
densk [106]3 years ago
3 0

Answer:

<u>The additional 1.3% of increase in the annual interest rate that Jack is receiving in his savings account, from 2.8% to 4.1%, represent an increase of 46.42%.</u>

Step-by-step explanation:

Jacks's savings account annual interest rate before = 2.8%

Jacks's savings account annual interest rate after the increase = 4.1%

Difference of the two rates = 4.1% - 2.8% = 1.3%

How much percentage is that additional 1.3% from the rate before the increase?

(1.3 * 100)/ 2.8 = 130/2.8 = 46.42%

<u>The annual interest rate increased by 46.42% from the previous annual interest rate.</u>

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