To find the percentage change from 500 to 8500, we need to first calculate the difference between the two numbers.
Step 1: Difference = Final Value - Initial Value
Difference = 8500 - 500
Difference = 8000
Step 2: Next, we need to find the absolute value of the difference. This is because percentage change is always calculated as a positive value.
Absolute Difference = |Difference|
Absolute Difference = |8000|
Absolute Difference = 8000
Step 3: Now, we can calculate the percentage change using the formula:
Percentage Change = (Absolute Difference / Initial Value) x 100
Percentage Change = (8000 / 500) x 100
Percentage Change = 1600%
Therefore, the percentage change from 500 to 8500 is 1600%. This means that there was an increase of 1600% from 500 to 8500.