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An investment decreases by 12% per year for 5 years.

By what total percent does it decrease?

Round your answer to two decimal places.

 Sep 27, 2020
 #1
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(1 - .12)^5 = .88^5 = 0.5277319168     this is the ending percentage of original 100%

    it goes down to the ending percentage

1 - .5277 = -0.5277319168+1 = 0.4722680832        it is down 47.23 %

 Sep 28, 2020

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