Question
Question 5 [5 points] What is the percent change going from 13,090 to 5,155 ? Indicate a decrease with a negative percent change. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Percentage change =0.00%
Solution
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Faith
Master ยท Tutor for 5 years
Answer
5. -60.74%
Explanation
5. To calculate the percent change, we use the formula: Percent Change = [(Final Value - Initial Value) / |Initial Value|] * 100. Plugging the values in, we get: Percent Change = [(5,155 - 13,090) / |13,090|] * 100 = [-7,935 / 13,090] * 100 = -60.74%. Since the value has decreased, the percent change is negative.```