Jamie has $114.56 in her savings and count and her bank just raised the interest paid on her savings account by 1/2%. if her old rate is. 5%, what was her new rate as a decimal?

0.5025%

Step-by-step explanation:

The question is on increase and decrease

The old interest rate=.5%⇒0.5%

percentage increase = 1/2% = 0.5%

New rate = it requires you to increase 0.5 by 0.5%

New rate is ⇒100% + 0.5%=100.5%

New rate⇒ (100.5/100) * 0.5 = 0.5025

New rate as a decimal is 0.5025%