Answer
increase by 30%
Work Step by Step
Since the new amount is 1500 dollars more than the old amount, this is an increase.
To find the percent increase, take the change and divide it by the original amount:
$\frac{1500}{5000}=$percent increase
solve:
$\frac{1500}{5000}=0.30$
Then, move the decimal over 2 places to the left to convert to a percent.
$0.30= $30%
