document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1040308>Question 1040308</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If the national economy shrank to an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period.<BR>\n" );
document.write( "The economy actually shrank by ___% over the four-year period?<BR>\n" );
document.write( "True or False.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #655105 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=655105\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the national economy shrank to an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period.<BR>\n" );
document.write( "False<BR>\n" );
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document.write( "The economy actually shrank by ___% over the four-year period?<BR>\n" );
document.write( "Let the economy be \"e\"::<BR>\n" );
document.write( "e*(1-0.09)^4 = e(68.57)<BR>\n" );
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document.write( "Ans:: Actual shrinkage:: 1-0.68.57 = 31.25%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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