What is the percent of change from 500,000 to 700,000? Choices: (A)4% increase (B)40% decrease (C)40% increase (D)4% decrease

Calculate Difference: Step 1: Calculate the difference between the final and initial values. Initial value: 500,000 Final value: 700,000 Difference = Final value - Initial value = 700,000 - 500,000 = 200,000Calculate Percent Change: Step 2: Calculate the percent of change. Original amount: 500,000 Amount of change: 200,000 Percent of change = (Amount of change / Original amount) × 100% Percent of change = (200,000 / 500,000) × 100% = 0.4 × 100% = 40%Determine Increase or Decrease: Step 3: Determine if it's an increase or decrease. Since the value increased from 500,000 to 700,000, it's an increase.

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What is the percent of change from $500,000$ to $700,000$ ? $\newline$ Choices: $\newline$ (A) $4\%$ increase $\newline$ (B) $40\%$ decrease $\newline$ (C) $40\%$ increase $\newline$ (D) $4\%$ decrease

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Q. What is the percent of change from

500,000

700,000

\newline

Choices:

\newline

(A)

4\%

increase

\newline

(B)

40\%

decrease

\newline

(C)

40\%

increase

\newline

(D)

4\%

decrease

Calculate Difference: Step $1$ : Calculate the difference between the final and initial values. $\newline$ Initial value: $500,000$ $\newline$ Final value: $700,000$ $\newline$ Difference = Final value - Initial value = $700,000 - 500,000 = 200,000$
Calculate Percent Change: Step $2$ : Calculate the percent of change. $\newline$ Original amount: $500,000$ $\newline$ Amount of change: $200,000$ $\newline$ Percent of change = $(\text{Amount of change} / \text{Original amount}) \times 100\%$ $\newline$ Percent of change = $(200,000 / 500,000) \times 100\% = 0.4 \times 100\% = 40\%$
Determine Increase or Decrease: Step $3$ : Determine if it's an increase or decrease. $\newline$ Since the value increased from $500,000$ to $700,000$ , it's an increase.