Question

The following statement provides two values. For the pair of values, use a percentage to express their relative change or difference. Use the second given value as the reference value. Also, write a statement describing the result.The population for a particular region is now 322, 113, 981, and in 1998 it was 278,361,326.The relative change is ___%

Answer 1

The relative change is 15.72%.

Explanation:

The relative change formula is given by the division of the difference(final - initial value) and the initial value.

In this problem, we have that:

Final value: 322, 113, 981

Initial value: 278,361,326

So the relative change is:

(322, 113, 981 - 278,361,326)/(278,361,326) = 0.1572

The relative change is 15.72%.