Question
Asked Nov 4, 2019
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A quantity decreases by 4% for each of 10 years. What is its percentage decrease over the 10-year period? (Round your answer
to two decimal places.)
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A quantity decreases by 4% for each of 10 years. What is its percentage decrease over the 10-year period? (Round your answer to two decimal places.) Need Help? Read It Talk to a Tutor Submit Answer Practice Another Version

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Expert Answer

Step 1

A quantity  decreases by 4% for each of 10 years. What is its percentage decrease  over the 10 year period?

Step 2

Yearly  decay rate of the quantity is 4...

4
1-
100
=1-0.04
0.96
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4 1- 100 =1-0.04 0.96

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