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?

Question

Mathematics

Leonardo Holland

3 October, 18:11

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?

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Answers (1)

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Blaze Hardy · 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