First, find the amount of increase:
---> 1, 120, 000, 000, 000 - 700, 000, 000, 000 = 420, 000, 000, 000
Then divide this answer by the original number.
---> 420, 000, 000, 000 ÷ 700, 000, 000, 000 = 0.60
Finally, turn this into a percentage by multiplying by 100 and attaching a % sign.
---> 0.60 x 100 = 60%