The​ seventh-grade class is raising money to have a class trip at the end of the year. They began the year with ​$1 comma 500. Now they have ​$1 comma 950 in the account. What is the percent increase for the money the class has​ raised? The class figured out that if there is a percent increase of​ 99% from the beginning of the​ year, they will have enough to pay for every student. How much money will they need to pay for every​ student?