## Related questions with answers

Question

Find the amount of change and the percent of change.

Last Year (Base) | This Year | Amount of Change | Percent Change |
---|---|---|---|

$109,569.00 | $176,500.00 | a. | b. |

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 6In order to solve this exercise we have to find the **percent change** between the two observed points of time. In other words, we have to find the percent change in the observed period of time, starting from the initial statement in the beginning of the period and comparing this to the current or ending statement.

In order to do so, let the initial amount be $\$109,569.00$, while the ending amount is equal to $\$176,500.00$.

*How do we calculate the percent change?*

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