2.97% is the change from 538 to 554
Calculation steps:
[( 554 - 538 ) ÷ 538] x 100 = 2.97%
Formula
Percentage change = [(554 - 538) / 538] x 100
Subtract the new number by the original number
554 - 538 = 16
16 ÷ 538 = 0.02973977695167286
0.02973977695167286 x 100 = 2.97%