Answer:
1%
Step-by-step explanation:
\text{\color{blue}{100\%} represents the \color{blue}{starting balance}: \color{blue}{\$50}.}
100% represents the starting balance: $50.
Method 1
Express the ending balance as a percentage of the starting balance:
\frac{\color{darkviolet}{\$50.50}}{\color{blue}{\$50}}=
$50
$50.50
=
\,\,1.01
1.01
1.01\times100=
1.01×100=
\,\,\color{darkviolet}{101\%}
101%
\text{Subtract the starting \color{blue}{100\%} to get the \color{green}{percent interest}:}
Subtract the starting 100% to get the percent interest:
\color{darkviolet}{101\%}-\color{blue}{100\%}=
101%−100%=
\,\,\boxed{\color{green}{1\%}}
1%
