Question

You deposit $365 into a savings account. After one year, the amount in the account is $428 . Which expression describes the percent of increase in the account balance?

Answer 1

it would be 63$ a year which would be 5.79% of 365

Answer 2

`x=(65)/(365) *100`

Explanation:

Given :You deposit $365 into a savings account. After one year, the amount in the account is $428 .

To Find : Which expression describes the percent of increase in the account balance?

Solution :

let x be the percent of increase in the account balance .

Since she had $365

after one year she has $428

increased amount = 428-365 =$65

So
`x=(65)/(365) *100`

`x=17.8%`

Thus the expression describes the percent of increase in the account balance :
`x=(65)/(365) *100`