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Questions and Answers
What is the formula to calculate percentage change?
What is the formula to calculate percentage change?
- (New Value / Old Value) * 100
- ((New Value - Old Value) / Old Value) * 100 (correct)
- ((Old Value - New Value) / New Value) * 100
- (Old Value / New Value) * 100
What does a percentage represent?
What does a percentage represent?
- A fixed quantity
- An absolute value
- A proportion out of 100 (correct)
- A ratio of two quantities
In what scenario would a percentage be greater than 100%?
In what scenario would a percentage be greater than 100%?
- When determining the percentage of a total amount
- When measuring the success rate of a project
- When calculating interest on a loan
- When comparing the same quantity at different points in time (correct)
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