a growing number of colleges are teaming up with banks to issue student id cards that double as debit cards. There were 51 partnerships in 2001. This number grew 10 126 in 2008. What is the percent of increase?
To find the percent increase, we need to calculate the difference between the initial and final numbers, divide it by the initial number, and then multiply by 100. Here's how you can do it:
1. Calculate the difference: Subtract the initial value from the final value.
Difference = Final value - Initial value
Difference = 126 - 51
Difference = 75
2. Divide the difference by the initial value:
Percent increase = (Difference / Initial value) * 100
Percent increase = (75 / 51) * 100
3. Calculate the value:
Percent increase = 1.47 * 100
Percent increase ≈ 147
Therefore, the percent increase is approximately 147%.