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!
"Become who you are."-Pope John Paul II