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NeTakaya
3 years ago
12

John’s bank account increased in value from last year to those year by 8% to $250. If the account increases by the same percenta

ge over the next year, what will be the value next year?
Mathematics
1 answer:
inessss [21]3 years ago
4 0

Answer:

$270

Step-by-step explanation:

We are given;

  • The rate of increase is 8%
  • The new amount is $250

We need to determine the value in the next year with the same rate of increase;

Therefore;

250% = 100%

New amount = 100 + 8 = 108%

Therefore;

New amount = (250 × 108)÷ 100

                      = $270

Therefore, the value in the next year is $270

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