Question

The library in Fairfax collected $4,870 in overdue fees last year. This year, the library collected $7,305. What is the percent of increase in the amount collected?

A) 33%

B) 50%

C) 66%

D) 75%

Answer 1

To calculate the percent increase, find the difference between the two amounts and divide it by the original amount. Multiply the result by 100 to get the percentage. In this case, the percent of increase in the amount collected is 50%.

Step-by-step explanation:

To calculate the percent increase in the amount collected, we need to find the difference between the two amounts and divide it by the original amount. Then, we multiply the result by 100 to get the percentage.

Step 1: Find the difference: $7,305 - $4,870 = $2,435

Step 2: Divide the difference by the original amount: $2,435 / $4,870 = 0.5

Step 3: Multiply by 100 to get the percentage: 0.5 * 100 = 50%

Therefore, the percent of increase in the amount collected is 50%.