Question

from 2005 to 2018, the annual investment in renewable energy sources in the united states increased from $11.4 billion to $46.5 billion. calculate the percent change in renewable energy investment in the us from 2005 to 2018.

Answer 1

To calculate the percent change in renewable energy investment in the US from 2005 to 2018, you can use the following formula:

Percent change = ((Final value - Initial value) / Initial value) * 100%

In this case, the initial value is $11.4 billion in 2005 and the final value is $46.5 billion in 2018. Plugging these values into the formula, we get:

Percent change = (($46.5 billion - $11.4 billion) / $11.4 billion) * 100%

= ($35.1 billion / $11.4 billion) * 100%

= 3.085 * 100%

= 308.5%

So, the percent change in renewable energy investment in the US from 2005 to 2018 was 308.5%, a substantial increase over the 13-year period.