SOLUTION: Can someone help me on this problem? I need to somve the following application: The electricity costs of a business decreased from $12,000 one year to $10,920 the next.

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Can someone help me on this problem? I need to somve the following application: The electricity costs of a business decreased from $12,000 one year to $10,920 the next.       Log On


   

Question 53793: Can someone help me on this problem?
I need to somve the following application:
The electricity costs of a business decreased from $12,000 one year to $10,920 the next. What is the rate of decrease?
Thanks, Lyn
Answer by stanbon(75887) 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?
-------------
The amount of decrease is 12000-10920=1080
The rate of decrease = 1080/12000= 0.09 = 9%
Cheers,
Stan H.