Answer:
0.5025%
Step-by-step explanation:
The question is on increase and decrease
The old interest rate= .5%⇒0.5%
percentage increase= 1/2%= 0.5%
New rate= it requires you to increase 0.5 by 0.5%
New rate is ⇒100%+ 0.5%=100.5%
New rate⇒(100.5/100)×0.5 =0.5025
New rate as a decimal is 0.5025%
