Question

In a recent year, certain colleges and universities received about $268 million in aid. Ten years later, they received about $94 million. Find the percent of change. State whether the change is an increase or a decrease.

a.35% decrease
b. 35% increase
c. 65% increase
d. 65% decrease

Answer 1

d) 65% decrease.

I worked it out by: 268 mill - 94 mill (calculating the difference in money)
then divided that by the original 268 mill, to finally get 0.64925....

And since the money is decreasing, it is a 65% decrease.

Hope this helps, and I think it should be right - but maybe double check in case :)

Answer 2

d. 65% decrease

Explanation:

In the current situation, the colleges and universities received about $268 million in aid.

Ten years later, they received about $94 million.

Decrease in amount is =
`(268-94)` million dollars

= 174 million dollars

The percentage of change with respect to current value is :

`(174)/(268)*100=64.93`% ≈65%

And since the amount of aid received is decreasing, so this percentage is a decreased value.

The answer is option D.