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Percentage Change in Monthly Value Question

System · 2024-10-30 23:44:26

This discussion was created from comments split from: Student Homework, Projects, Surveys & Course-Related Assignments.

31-10-2024 12:44AM

#1

System

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This discussion was created from comments split from: Student Homework, Projects, Surveys & Course-Related Assignments.

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#2 31-10-2024 12:50AM

Michael Collins

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Just to explain Pherekydes answer a little more:
If May value is x, then June value is 12% more, so x*1.12.
So, what percentage is May value of the June value? Ans = x/(x*1.12) = 1/1.12 = 0.892857 = 89.2857 % = 89.3% to nearest 0.1%age point.

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