Question

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

Answer 1

it decreased 6% during the 3 years soo

Answer 2

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