Question

Jerry used to have $438.00 in the bank but after a year the amount increased to $534.36. This was an increase of _____%.​

Answer 1

Answer:

This was an increase of 22%

Step-by-step explanation:

Given:

Initial/Old amount = $438.00

New amount = $534.36

The percentage increase = $\frac{new amount - old amount}{old amount}*100$

% increase = $\frac{534.36 - 438.00}{438.00}*100$

$= \frac{96.36}{438.00}*100 = \frac{96.36*100}{438.00}$

$= \frac{9636}{438.00} = 22$

This was an increase of 22%.