SOLUTION: The electricity costs of a business decreased from $12,000 one year to $10,920 the next. What is the rate of decrease?

Algebra ->  Functions -> SOLUTION: The electricity costs of a business decreased from $12,000 one year to $10,920 the next. What is the rate of decrease?       Log On


   

Question 63347: The electricity costs of a business decreased from $12,000
one year to $10,920 the next. What is the rate of decrease?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
(12000-10920)/12000=1080/12000=.09 OR 9% DECREASE.