Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A library expansion begun in 2002, was expected to cost $107 million. By 2006 library officials estimated the cost would be $34 million over budget. By what percent did the actual cost exceed the initial estimate?

Sagot :

This problem is quite easy if you didregard the years. Percent increase is known as
(Final-initial)/(Final)
In this case final would be 107 million +34 million=141 million. Initial would be 107 million.

(142-107)/142=37/142 which is around 26%.
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.