Question

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

Answer 1

It would be 63$ a year which would be 5.79% of 365

Answer 2

Answer:

$x=\frac{65}{365} *100$

Step-by-step explanation:

Given :You deposit $365 into a savings account. After one year, the amount in the account is $428 .

To Find : Which expression describes the percent of increase in the account balance?

Solution :

let x be the percent of increase in the account balance .

Since she had $365

after one year she has $428

increased amount = 428-365 =$65

So $x=\frac{65}{365} *100$

$x=17.8%$

Thus the expression describes the percent of increase in the account balance : $x=\frac{65}{365} *100$