Question

The fair market rental rate for Terre Haute is $678 and for Evansville is $721. The relative change to compare Terre Haute to Evansville is ____%.

Answer 1

Answer: 5.96%

Explanation:

To find the relative change, we first find the difference between Evansville and Terre Haute.

$721 - $678 = $43

%difference = (43/721) * 100

% difference = 5.96%

The relative change between them is 5.96%