The change in quantities can be represented as percentage
The percentage decrease in miles driven is 34.83%
The given parameters are:
[tex]\mathbf{Initial = 22250}[/tex]
[tex]\mathbf{Final = 14500}[/tex]
The percentage decrease is calculated as:
[tex]\mathbf{\%Decrease = \frac{Final - Initial}{Initial} \times 100\%}[/tex]
Substitute known values
[tex]\mathbf{\%Decrease = \frac{14500- 22250}{22250} \times 100\%}[/tex]
[tex]\mathbf{\%Decrease = \frac{-7750}{22250} \times 100\%}[/tex]
[tex]\mathbf{\%Decrease = \frac{-775000}{22250} \%}[/tex]
[tex]\mathbf{\%Decrease = -34.83 \%}[/tex]
The negative sign implies that, the change represents a decrement.
Hence, the percentage decrease in miles driven is 34.83%
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