The number of motor vehicles produced worldwide increased from approximately 57.5 million in 2000 to 60.3 million in 2003. Find the percentage change in motor vehicle production from 2000 to 2003.
60.3 - 57.5 = ?
Divide your answer by 57.5 and multiply by 100.
The number of motor vehicles produced worldwide increased from approximately 57.5 million in 2000 to 60.3 million in 2003. Find the (percentage) change in motor vehicle production from 2000 to 2003.
What didn't you understand about my explanation?
Ms. Sue, I apologize I reread. I got it.
Thanks
Great! :-)
To find the percentage change in motor vehicle production from 2000 to 2003, you need to calculate the difference between the two values and then divide it by the initial value. Here's how you can do that:
1. Calculate the difference: Subtract the initial value (2000) from the final value (2003).
Difference = Final Value - Initial Value
Difference = 60.3 million - 57.5 million
Difference = 2.8 million
2. Divide the difference by the initial value: Divide the difference by the initial value and multiply it by 100 to get the percentage change.
Percentage Change = (Difference / Initial Value) * 100
Percentage Change = (2.8 million / 57.5 million) * 100
Percentage Change ≈ 4.87%
Therefore, the percentage change in motor vehicle production from 2000 to 2003 is approximately 4.87%.