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To calculate the percentage difference between two rates, first determine the absolute difference between the two values by subtracting the smaller rate from the larger rate. Next, divide this absolute difference by the average of the two rates. Finally, multiply the result by 100 to convert it into a percentage. The formula can be expressed as:

[ \text{Percentage Difference} = \left( \frac{|A - B|}{\frac{A + B}{2}} \right) \times 100 ]

where A and B are the two rates being compared.

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3mo ago

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