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An investment decreases by 2% per year for 3 years. By what total percent does it decrease after the 3 years? Overall it decreases by
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An investment decreases by 2% per year for 3 years. By what total percent does it decrease after the 3 years?

Overall it decreases by

User Maidi
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it decreased 6% during the 3 years soo
User Axuary
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overall decreases start from year 1

100% - 2% Year 1
98% / 100 * 98, year 2
(98% / 100 * 98) / 100 * 98%, year 3.

hope this help
User Sorpigal
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