Question

The library in kingwood collected 2,450 in overdue fees last year. this year, the library collected4,361. what is the percent of increase in the amount collected?

Answer 1

To calculate the percent of increase in overdue fees collected by the library, first find the difference in amounts, divide by the original amount, and multiply by 100. The percent increase is 77.96%.

Step-by-step explanation:

The question asks to calculate the percent of increase in overdue fees collected by the Kingwood library from one year to the next. First, we need to find the difference in the amount collected between the two years, which is calculated by subtracting the amount collected last year from the amount collected this year. Then, we divide that difference by the original amount and multiply by 100 to get the percent increase.

Here's the step-by-step calculation:

1. Calculate the difference in the amount collected: \(4,361 - 2,450 = 1,911\).
2. Divide the difference by the original amount: \(\frac{1,911}{2,450} = \approx 0.7796\).
3. Multiply by 100 to find the percent: \(0.7796 \times 100 = 77.96%\).

Therefore, the percent of increase in the amount collected is 77.96%.