If you have $10 in the bank today and $25 in the bank tomorrow, what was the percentage increase in your account balance?
25 - 10 = 15
15/10 = ?
Convert the decimal to a percent.
thanks
To find the percentage increase in your account balance, you can use the formula:
Percentage Increase = ((New Value - Initial Value) / Initial Value) * 100
In this case, the initial value (your account balance today) is $10, and the new value (your account balance tomorrow) is $25.
Now we can calculate the percentage increase:
Percentage Increase = (($25 - $10) / $10) * 100
Percentage Increase = ($15 / $10) * 100
Percentage Increase = 1.5 * 100
Percentage Increase = 150
Therefore, the percentage increase in your account balance is 150%.