Question

In 1935, there were 15,295 banks in the United States. In 2003 there were 9,182 banks. What is the percent of the change? Is it a percent increase or decrease?

Answer 1

If it goes from a higher number to a lower number it is a decrease.

(15,295 - 9182) / 15295....x 100
6113 / 15295 = 0.399....x 100 = 39.9% decrease