SOLUTION: Home values in a town have declined 27 % per year for each of the past four years. What was the total percentage decrease in home values during the four-year period?

Question 1206356: Home values in a town have declined 27 % per year for each of the past four years. What was the total percentage decrease in home values during the four-year period?
Found 2 solutions by josgarithmetic, ikleyn:
Answer by josgarithmetic(39631)   (Show Source): You can put this solution on YOUR website!
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Answer by ikleyn(52930)   (Show Source): You can put this solution on YOUR website!
.
Home values in a town have declined 27 % per year for each of the past four years.
What was the total percentage decrease in home values during the four-year period?
~~~~~~~~~~~~~~~~~~~~~~~~

        The solution in the post by @josgarithmetic, giving the answer   " PerCent Decrease, "
        is INCORRECT and TOTALLY WRONG.

        I came to bring you a correct solution and a correct answer. See below

Home values at the beginning 1 Home values in one year after (1-0.27) Home values in two years after Home values in three years after Home values in four years after = 0.2840, or 28.4% (rounded). The total percentage decrease in 4 years is 100% - 28.4% = 71.6%, rounded.

Solved (correctly).

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SOLUTION: Home values in a town have declined 27 % per year for each of the past four years. What was the total percentage decrease in home values during the​ four-year period?

SOLUTION: Home values in a town have declined 27 % per year for each of the past four years. What was the total percentage decrease in home values during the four-year period?