Question

At the end of January, Garrett had $176 in his savings account. By the end of February, he had $217. To the nearest percent, what is the percent change in the amount of money in Garrett's savings account? A 19% C 41% B 23% D 81%​

Answer 1

B. 23%

Explanation:

Percent change = ((new value - old value) / old value) x 100%

Where the old value is the amount in Garrett's savings account at the end of January, and the new value is the amount at the end of February.

Plugging in the values, we get:

Percent change = ((217 - 176) / 176) x 100%

Percent change = (41 / 176) x 100%

Percent change = 0.233 x 100%

Percent change = 23.3%

Rounding to the nearest percent, the percent change is 23%. Therefore, the answer is B) 23%.

Answer 2

To find the percent change in Garrett's savings account, we can use the following formula:

percent change = (new value - old value) / old value * 100%

We can plug in the values given in the problem:

percent change = (217 - 176) / 176 * 100%

percent change = 41 / 176 * 100%

percent change ≈ 0.233 * 100%

percent change ≈ 23%

Therefore, the percent change in the amount of money in Garrett's savings account is approximately 23%. The answer is B.