What is the percentage increase of 700 billion to 1.12 trillion dollars?

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%