In a recent year, certain colleges and universities received about $268 million in aid. Ten years later, they received about $94

Question

3 years ago

8

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

Mathematics

2 answers:

topjm [15] · Answer 1 · 2022-02-26T16:35:39+03:00

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 :)

Virty [35] · Answer 2 · 2022-02-26T17:52:13+03:00

Answer:

d. 65% decrease

Step-by-step 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 :

$\frac{174}{268}\times100=64.93$ % ≈65%

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

The answer is option D.