associated press online provided information from a fiscal analyst stating that during the past 20 years, the average after tax
income of the wealthiest 1% of americans had grown from $263,700 to $677,900. what was the percent increase? Round to the nearest percent.
1 answer:
<u>Answer:</u>
The percent increase is 157%
<u>Explanation:</u>
Average after tax income 20 years before: $263,700
Average after tax income after 20 years: $677,900
Increased average after tax income : $677,900-$263,700
=$414,200
Hence,
Percent increase =
=
=157.07%
After Rounding off:
=157%
157% is the percent increase
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