On December 17, 2010 The Boston Globe carried an Associated Press report saying that: "The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent, to 93.3 million." (a) What was the percentage increase in the average tax refund from 2009 to 2010? (b) How many refunds were there in 2009? (c) The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. Find that change in both absolute and relative terms. Total amount refunded in 2009: Total amount refunded in 2010

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 7ECP
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Quantitative Reasoning 3. On December 17, 2010 The Boston Globe carried an Associated Press report saying that: "The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent, to 93.3 million." (a) What was the percentage increase in the average tax refund from 2009 to 2010? (b) How many refunds were there in 2009? (c) The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. Find that change in both absolute and relative terms. Total amount refunded in 2009: Total amount refunded in 2010: Absolute change: Relative change:
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