First, subtract the hot length by the cooled length.
[tex]16.30\text{ in}-16.05\text{ in}=0.25\text{ in}[/tex]Next, divide the difference from the hot length, and multiply by 100% to get the percentage.
[tex]\begin{gathered} 0.25\text{ in}\div16.30\text{ in}=0.0153374 \\ 0.0153374\times100\%=1.53374\% \end{gathered}[/tex]Rounding to the nearest the nearest one decimal place, the shrinkage in percent is 1.5%.