Answer: There is 17.26% percent of increase in the account balance.
Step-by-step explanation:
Since we have given that
Amount deposited in saving account = $365
After one year,
Amount in saving account = $428
There is increase of
[tex]\$428-\$365\\\\=\$63[/tex]
Rate of increase in the account balance is given by
[tex]\frac{63}{365}\times 100\\\\=17.26\%[/tex]
Hence,there is 17.26% percent of increase in the account balance.
