Question

You have put ₹ 2500 in your bank account. After some years, you observe that you have received interest and the amount now is ₹ 4100. What is the percentage of increase?

Answer 1

64%

Explanation:

The first step is to calculate the increase

= 4100-2500

= 1600

Therefore the percentage increase can be calculated as follows

= increase/original number × 100

= 1600/2500 × 100

= 0.64 × 100

= 64%

Hence the percentage increase is 64%