Question

Consumers are paying record amounts of fees for overdrawing their bank accounts. In 2007, bankes this and credit unions collected $649 on in overdraft fees, which is $144 on more than in 2001. What is the

percent of increase?

Answer 1

Answer: 1.3 percent increase (to the nearest 10th

Step-by-step explanation: to figure out the percent of increase, you have to take the $144 away from 649, which is $505, then divide so:

$649 - $144 = $505

$649 / $505 = 1.28...or ~1.3