Level:
Project ID:
1003090505
Accepted:
1
Clonable:
0
Easy:
0
The interest rate on deposits in a certain bank initially equaled \( 5\% \) per year but then it was increased by \( 1.2 \) percentage point. What was the percentage increase of the interest rate?
\( 24\% \)
\( 6\% \)
\( 6.2\% \)
\( 20\% \)