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Answer to Question #19370 in Algebra for Leialoha

Question #19370
a library expansion, began in 2002, was expected to cost $109 million. By 2006, library officials estimate the cost would be $35 million over budget. By what percent did the actual cost exceed the initial estimate?
Expert's answer
over = (109+35)/109 - 1 = 1.3211-1 = 0.3211 (32.11%)
Actual cost exceed the initial estimate by 32.11%

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