Last years budget for the legislative branch of a certain go

Last year’s budget for the legislative branch of a certain government was $4928, and this year it is $5358 million. Consider last year’s budget of $4928 to be the reference value. Complete parts (a) through (d) below.

a. What is the absolute change in the budget from last year to this year?

The absolute change in the budget from last year to this year is $_____ million.

b. What is the relative change in the budge from last year to this year?

The relative change in the budget from last year to this year is ____%.

c. Next year’s budget is estimated to be $5210 million. What is the percentage decrease from this year’s budget of $5358?

The percent decrease is ______% (Round to one decimal point as needed.)

d. If next year’s budget is changed so that it is 8% less than this year’s budget of $5358 million, what is the amount of next year’s budget?

The amount of next year’s budget is $____ million. (Type an integer or a decimal.)

Solution

a. What is the absolute change in the budget from last year to this year?

4928

b. What is the relative change in the budge from last year to this year?

5358

c. Next year’s budget is estimated to be $5210 million. What is the percentage decrease from this year’s budget of $5358?

5358 - 5210 = 148 / 5358 = 0.0276

d. If next year’s budget is changed so that it is 8% less than this year’s budget of $5358 million, what is the amount of next year’s budget?

0.08 * 5358 = 428.64