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The money in michelle's bank account increased from $250 to $500. what was her percent of increase?

User Sova
by
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2 Answers

2 votes
You have to know the time.
If it doubled in a year, the rate is 100%
If it doubled in 2 years, the rate is 41.4214%
If it doubled in 3 years, the rate is 25.9921%
If it doubled in 10 years, the rate is 7.17735%
User BartBog
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5.6k points
3 votes
Percentage increase = Final - Initial / Initial * 100
% increase = 500 - 250 / 250 * 100
% increase = 250 / 250 * 100 = 100

In short, Your Answer would be 100%

Hope this helps!
User Lsl
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6.1k points