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1. The deductible mileage cost has reduced by 2.16%

   What is a percentage change?

   A percentage change  compares the difference between the new amount and the old amount to the old amount.

   I mean the percentage change is the new deductible mileage cost minus the old deductible mileage cost divided by the old deductible mileage cost

   New deductible mileage cost= 57.5 cents

   Old deductible mileage cost= 56 cents

   percentage decrease=(56-57.5)/57.5

   percentage decrease=-2.61%

   The negative sign in -2.61% means that there was a percentage decrease in deductible mileage cost by 2.61%

   In essence, the deductible mileage cost has been reduced by 2.16%

   Hundredth of a percent means two decimal places.

   Find out more on percent change on:https://brainly.com/question/2085058

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