Question

Alan deposited $300 into a savings account. At the end of the first year the amount of money in the account had increased to $336. At the end of the second year he had $420. Find a percent increase in the amount of money in the savings account at the end of the first year.

Answer 1

12%

Explanation:

Answer 2

12%. You take 336-300 and you get 36. Then you divide 36 with 300 and get .12 which is 12%.