-97.79% is the change from 724 to 16
Calculation steps:
[( 16 - 724 ) ÷ 724] x 100 = -97.79%
Formula
Percentage change = [(16 - 724) / 724] x 100
Subtract the new number by the original number
16 - 724 = -708
-708 ÷ 724 = -0.9779005524861878
-0.9779005524861878 x 100 = -97.79%