Question

Washington College has many students enrolled in their engineering program. Engineering students at Washington College last year received an average of $9,600 in scholarships and grants. This year, the average is $5,184. What is the percent of change in the average amount received? Was this an increase or decrease?

Answer 1

The percent of change in the average amount received was 46% and this was a decrease.

Explanation:

You can use the following formula to calculate the percentage of change:

% of change = ((New number-Original number) / Original Number) x 100

New number= 5,184

Original number= 9,600

Now, you can replace the values in the formula:

% of change = ((5,184-9,600) / 9,600) x 100

% of change = (-4,416 / 9,600) x 100

% of change = (-0.46) x 100

% of change = -46%

According to this, the answer is that the percent of change in the average amount received was 46% and this was a decrease.