Question

Amy invested $250 in the bank and a year later has $285.72. By what percent has the amount changed?

Answer 1

14.28 %

Explanation:

It is given that,

Initial amount is $250 and after 1 year the amount is $285.72. We need to find the percent by which the amount changed. It can be calculated as follows :

`\%=\frac{\text{change in amount}}{\text{initial amount}}* 100\\\\\%=(285.72-250)/(250)* 100\\\\\%=14.28\%`

Hence, there is an increase of 14.28 % in this case.