I am comparing grant income
2002,$617,169.00,2003,$632,889,00 and 2004 $1,078,837.00
632,889 - 617,169 = 15,720
15,720/632,889 = 0.0248384788 = 2.5% increase for 2003.
I'm sure you can figure out the increase for 2004.
To compare the grant income for the years 2002, 2003, and 2004, follow these steps:
1. Write down the grant incomes for each year:
- In 2002, the grant income was $617,169.00.
- In 2003, the grant income was $632,889.00.
- In 2004, the grant income was $1,078,837.00.
2. Analyze the numbers:
- Start by comparing the grant incomes between 2002 and 2003. Subtract the grant income for 2002 ($617,169.00) from the grant income for 2003 ($632,889.00). The result will give you the change in grant income between these two years.
- Then, compare the grant incomes between 2003 and 2004. Subtract the grant income for 2003 ($632,889.00) from the grant income for 2004 ($1,078,837.00). This will give you the change in grant income between these two years as well.
3. Calculate the percentage change:
- To calculate the percentage change between two numbers, divide the difference between the two numbers by the original number and multiply by 100.
- For example, to calculate the percentage change between 2002 and 2003, use the formula: ((New Value - Old Value) / Old Value) * 100.
- Apply the same formula to calculate the percentage change between 2003 and 2004.
By following these steps, you can compare and analyze the grant income for the years 2002, 2003, and 2004.