Question

A savings account increases from ​$300 to ​$309. What is the percent increase of the savings​ account?

Answer 1

9 percent

Explanation:

Answer 2

3%

Explanation:

1st Method: Increase Formula = (Last value-first value)/(first value)

Increase = (309-300)/300 = 9/300 = 3/100

= 0.03 or 3%

2nd Method: 309/300 = 103/100 = 1.03 (increase over 1 is 0.03 = 3%