Elementary Algebra

Published by Cengage Learning
ISBN 10: 1285194055
ISBN 13: 978-1-28519-405-9

Chapter 11 - Additional Topics - 11.6 - Pie, Bar, and Line Graphs - Problem Set 11.6: 22

Answer

$0.2$ % increase

Work Step by Step

The interest rate for the bank for the month of May is 8% while the interest rate for the month of June is 8.2%. This means that the change in interest rates for the bank between May and June is: $8.2 \%-8.0\%= 0.2\%$.
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