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 ->  Customizable Word Problem Solvers  -> Finance -> 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

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 59220: 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 funmath(2933) About Me  (Show Source):
You can put this solution on YOUR website!
The electricity costs of a business decreased from $12,000 one year to $10,920 the next. What is the rate of decrease?
%2810920-12000%29%2F12000
-1080%2F12000
-.09
:
If you need this in percentage, multiply this by 100%
-.09%28100%29%
-9%
The negative indicates a 9% decrease. If you say decrease, you don't need to say it was negative.
:
Happy Calculating!!!