A library expansion, begun in 2002, was expected to cost $103 million. By 2006, library officials estimate the cost would be $39

Question

4 years ago

15

A library expansion, begun in 2002, was expected to cost $103 million. By 2006, library officials estimate the cost would be $39

million over budget. By what percent did the actual cost exceed the initial estimate? Please show the work so I can figure out how to do the question.

Mathematics

1 answer:

Rainbow [258] · Answer 1 · 2022-01-05T08:06:13+03:00

Rainbow [258]4 years ago

6 0

initial estimate in 2002 = 103M

Actual cost in 2006 = 142M (103M + 39M)

% over budget = 39/103 = 37.86%