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Jerry used to have $438.00 in the bank but after a year the amount increased to $534.36. This was an increase of _____%.​

Jerry used to have 43800 in the bank but after a year the amount increased to 53436 This was an increase of class=

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akposevictor

Answer:

This was an increase of 22%

Step-by-step explanation:

Given:

Initial/Old amount = $438.00

New amount = $534.36

The percentage increase = [tex] \frac{new amount - old amount}{old amount}*100 [/tex]

% increase = [tex] \frac{534.36 - 438.00}{438.00}*100 [/tex]

[tex] = \frac{96.36}{438.00}*100 = \frac{96.36*100}{438.00} [/tex]

[tex] = \frac{9636}{438.00} = 22 [/tex]

This was an increase of 22%.

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