1 answer

Please explain in detail on how to solve: In 2000, the U

Question:

Please explain in detail on how to solve:
In 2000, the U.S. government owed about $4.63 trillion to its creditors. The population of the US was282.4 million people. How much did the government owe per person in 2000? Round to the nearest dollar.
In 2005, the debt had grown to 7.91 trillion, with a population of 296.9 million. How much did the government owe per person? Round to the nearest dollar.
What was the percent increase in the average amount owed per person from 2000 to 2005?

Answers

Change to millions in both values.

1. 4,630,000/282.4 = ?

2. 7,910,000/296.9 = ?

3. (#2 - #1)/ #1 = ?.

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