Hey guys, i need some help on the explanation og provided. Here goes:

Lucy invested $10,000 three years ago. The first year the value increased by 10%, the second year it increased by 5%, the third year it decreased by 10%. What is the current amount?

OG says you can present the percentages as: 1.10, 1.05, and .90

How is that so? I got the problem wrong by calculating yearly values corresponding to their percentages. Please help!

Thanks,

DG

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