If a quantity declines by x % per-year (compounded) for two years, will the overall percent decrease

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If a quantity declines by x % per-year (compounded) for two years, will the overall percent decrease be more or less than 2x %? Explain.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:26 AM

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If a quantity declines by x % per-year (compounded) for two years, will the overall percent decrease

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Step by Step Answer:

The overall decrease will be less than 2 x because the second x percent d...View the full answer

Business Mathematics In Canada

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