The number of housing foreclosures in 2009 was 3.98 million up 81% over 2007. what was the relative change? and Which year is the reference year? and there were 2.98 million foreclosures in which year? Also How many foreclosures were there in 2007? Please Help.

Question

The number of housing foreclosures in 2009 was 3.98 million up 81% over 2007.  what was the relative change? and Which year is the reference year? and there were 2.98 million foreclosures in which year?  Also How many foreclosures were there in 2007?  Please Help.

Henry · Answer

F + 0.81F = 3.98 million. F = 2.199 million in 2007. Change = 3.98 - 2.199 = 1.78 Million. Year 2007 = Reference year.