Question 125830
First let's find the difference between $31,000 and $33,635


{{{d=33635-31000=2635}}}



So the difference between $31,000 and $33,635 is $2,635



Now to find the rate of increase, simply divide $2,635 by the original amount $31,000


{{{2635/31000=0.085}}}



Now multiply 0.85 by 100 to get a percentage


{{{0.85*100=8.5}}}


So the rate of increase is 8.5%