My bank raised its interest rate on savings accounts from 1% to 1.5%, which was a 50%

Question:

My bank raised its interest rate on savings accounts from 1% to 1.5%, which was a 50% increase.

Does It Make Sense? For Exercises, determine whether the statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain clearly; not all of these have definitive answers, so your explanation is more important then your chosen answer.

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