Answer:
14.28 %
Step-by-step explanation:
It is given that,
Initial amount is $250 and after 1 year the amount is $285.72. We need to find the percent by which the amount changed. It can be calculated as follows :
[tex]\%=\dfrac{\text{change in amount}}{\text{initial amount}}\times 100\\\\\%=\dfrac{285.72-250}{250}\times 100\\\\\%=14.28\%[/tex]
Hence, there is an increase of 14.28 % in this case.
