Percent Decrease in Value

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The value of an investment decreased from $1,800 to $1,610. Approximately what was the percent decrease in value?

Review: Percent Decrease in Value


Explanation

In this question, we must determine a percentage change. Percentage changes are measured relative to the original value, which in this case is $1800. The change itself was $190. Therefore, the proportion of change, as a fraction, is We have the word "approximately" in this question, so we can approximate. The fraction is roughly , which is , which is . The exact value might not be 11% exactly, but it will certainly be closer to 11% than to 15%.

The correct answer is (B).


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