Question

jackie is looking over her credit card statements from the past couple of months. last months balance was $7,520. this month, it was $8,482.56. what was the percent of increase in jackies balance? %

Explanation:

Step1: Find the increase amount

Subtract last month's balance from this month's balance.
$8482.56 - 7520 = 962.56$

Step2: Calculate the percent increase

Use the formula for percent increase: $\text{Percent Increase} = \frac{\text{Increase}}{\text{Original Amount}} \times 100\%$
Substitute the values: $\frac{962.56}{7520} \times 100\%$
First, calculate $\frac{962.56}{7520} = 0.128$
Then, $0.128 \times 100\% = 12.8\%$

Answer:

12.8