Round (decimal places):
The percentage change calculator is used to calculate the exact percentage increase or percentage decrease from one initial value or number to another final value. For a detailed explanation of how this perecentage change calculator works and how to calculate percentage change see below.
The formula used to calculate percentage change is the following: Percentage Change (%) = (Final Value - Initial Value)⁄Initial Value × 100.
Using this formula, when numbers increase, you can work out the percentage increase. Conversely, when numbers decrease, you can work out the percentage decrease.
Percentage increase example:
If your mortgage payment is increasing from $875 to $950 per month, you may wish to know what the percentage increase in your new mortgage is. Using the equation above we get:
Percentage Change (%) = (Final Value - Initial Value)⁄Initial Value × 100.
Percentage Change (%) = (950 - 875)⁄875 × 100.
Percentage Change (%) = 75⁄875 × 100.
Percentage Change (%) = 0.0857 × 100.
Therefore, the monthly mortgage payment in this example increased by 8.57%.
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