tim has decided to examine his checking account statements. last months account balance was $21,530. this…

tim has decided to examine his checking account statements. last months account balance was $21,530. this month, it is $58,152.53. what is the percent of increase in tims account balance? % submit

tim has decided to examine his checking account statements. last months account balance was $21,530. this month, it is $58,152.53. what is the percent of increase in tims account balance? % submit

Answer

Explanation:

Step1: Find the amount of increase

$58152.53 - 21530=36622.53$

Step2: Calculate the percent - increase formula

Percent increase = $\frac{\text{Amount of increase}}{\text{Original amount}}\times100%$ Percent increase = $\frac{36622.53}{21530}\times 100%$ Percent increase = $1.7\times100% = 170%$

Answer:

$170$