The amount In a savings account increased from $300 to $309. What was the percent of increase?

Question

Damian Dawson

Mathematics

10 January, 15:53

The amount In a savings account increased from $300 to $309. What was the percent of increase?

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Answers (1)

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Gideon · Answer 1

1st Method: Increase formula = (last value - first value) / (first value)

increase = (309-300) / 300 = 9/300 = 3/100 = 0.03 or 3%

2nd Method: 309/300 = 103/100 = 1.03 (increase over 1 is 0.03 = 3%)