document.write( "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? \n" ); document.write( "

Algebra.Com's Answer #843751 by ikleyn(52933) $\"\"$ $\"About$

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\n" ); document.write( "Home values in a town have declined 27 % per year for each of the past four years.
\n" ); document.write( "What was the total percentage decrease in home values during the four-year period?
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\n" ); document.write( "\n" ); document.write( "        The solution in the post by @josgarithmetic, giving the answer   \" PerCent Decrease, $\"100%281-0.27%5E4%29\"$ \"\r
\n" ); document.write( "\n" ); document.write( "        is INCORRECT and TOTALLY WRONG.\r
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\n" ); document.write( "\n" ); document.write( "        I came to bring you a correct solution and a correct answer. See below\r
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document.write( "Home values at the beginning       1 \r\n" );
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document.write( "Home values in one year after      (1-0.27)\r\n" );
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document.write( "Home values in two years after     \r\n" );
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document.write( "Home values in three years after   \r\n" );
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document.write( "Home values in four  years after    = 0.2840,  or  28.4%  (rounded).\r\n" );
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document.write( "The total percentage decrease in 4 years is 100% - 28.4% = 71.6%, rounded.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved (correctly).\r
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