Enrolment falls 8% in one year, then rises 6% the next year. The two-year percent change is closest to:
A1.04% increase
B2.48% decrease
C2% decrease
D14% net swing
Answer & Solution
Correct answer: B. 2.48% decrease
Chain the multipliers, not the percents. After the 8% cut, value = 0.92 n. After the 6% rise, value = (1.06)(0.92 n) = 0.9752 n. That is 97.52% of n, a 2.48% net decrease. Option C wrongly subtracts 6 from 8.
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