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

63% Per year or 0.17 per day.

Answer 2

The equation is:

(428-365) ÷ 365 × 100

Solving the Equation:

= (428-365) ÷ 365 × 100

= 63 ÷ 365 × 100

= 0.172 × 100

≈ 17%