Question

this year you earned 75,000 lat year you earned $72,400 what was the rate of change on your earnings last yeara. 4.28%b4.68%c. 4.92%d. 5.12%

Answer 1

Answer:

3.59%

Explanation:

Given the following

Amount earned this year = $75000

Amount earned last year = $72,400

Increment = 75000 - 72400

Increment = $2600

Rate of change = Increment/amount earned last year * 100%

Rate of change = 2600/72400 * 100

Rate of change = 26/724 * 100

Rate of change = 2600/724

Rate of change = 3.59%

Hence the rate of change on your earnings last year is 3.59%