Question

The initial value of your 401k savings plan is $35,000. The value your 401k savings plan at a later point in time is $44,500. The percent change in the value of your 401k plan over the period is

Answer 1

Answer: 27.14%

Step-by-step explanation:

Percent change in value of 401k = (Ending value - Initial value) / Initial value * 100%

= (44,500 - 35,000) / 35,000 * 100%

= 9,500 / 35,000 * 100%

= 27.14%