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PLEASE HELP? Joey opened a bank account 5 years ago with $100. Today he has %1,000 in the account. What is the percentage of increase?
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2 votes
PLEASE HELP?

Joey opened a bank account 5 years ago with $100. Today he has %1,000 in the account. What is the percentage of increase?

User SVI
by
8.6k points

2 Answers

5 votes
The percentage of increases when the amount doubled
Use the 72 rule
72/time=rate
72÷5=14.4%
User CoolUserName
by
9.2k points
2 votes
Percent increase: (New-Original)/original * 100
Percent Inc = (1000 -100)/100 * 100
Percent Increase = 900% increase
User Gary Forbis
by
8.5k points
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