+0  
 
0
103
2
avatar+216 

A quantity decreases by 7% for each of 10 years. What is its percentage decrease over the 10-year period? (Round your answer to two decimal places.)
 

idenny  Mar 17, 2017
edited by idenny  Mar 17, 2017
edited by idenny  Mar 17, 2017
edited by idenny  Mar 17, 2017

Best Answer 

 #2
avatar+216 
+10

Thank you!!!

idenny  Mar 17, 2017
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2+0 Answers

 #1
avatar+18 
+5

This is how I do it:

(1-0.07)10 = 0.4839823

 

1-0.4839823 = 0.5160177 = 51.60% to 2 d.p.

 

Hope that helps :)

Danjakima019  Mar 17, 2017
 #2
avatar+216 
+10
Best Answer

Thank you!!!

idenny  Mar 17, 2017

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