Question

associated press online provided information from a fiscal analyst stating that during the past 20 years, the average after tax income of the wealthiest 1% of americans had grown from $263,700 to $677,900. what was the percent increase? Round to the nearest percent. ​

Answer 1

The percent increase is 157%

Step-by-step explanation:

Average after tax income 20 years before: $263,700

Average after tax income after 20 years: $677,900

Increased average after tax income : $677,900-$263,700

=$414,200

Hence,

Percent increase =
`(Increased amount)/(original amount) * 100`

=
`(414,200)/(263,700) * 100`

=157.07%

After Rounding off:

=157%

157% is the percent increase