SOLUTION: I was doing this math problem If the interest rate on a CD decreased from 5.1% to 3.9% find the absolute change and relative change in interest rate. What I did was: 5.1

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: I was doing this math problem If the interest rate on a CD decreased from 5.1% to 3.9% find the absolute change and relative change in interest rate. What I did was: 5.1      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1026982: I was doing this math problem
If the interest rate on a CD decreased from 5.1% to 3.9% find the absolute change and relative change in interest rate.
What I did was:
5.1-3.9/3.9=1.2/3.9=0.307*100=30.7%
Answer by josgarithmetic(39625) About Me  (Show Source):
You can put this solution on YOUR website!
Absolute change is the difference.
Relative change is the difference compared to the initial value.