Question

The yearly profits of a company is $35,000. The profits have been decreasing by 8% per year. What will be the profits in 7 years? Round your answer to the nearest dollar.

TURN THE PERCENT TO A DECIMAL! (divide by 100 or move decimal place 2 times left)

Answer 1

87.5

Because if you divide 35000 by 0.08 it equals 437,500 and then you multiply 437,500 and 7 and then it’s gonna equal 87.5