Answer:
0.98
Step-by-step explanation:
The investment starts at $10,000.
$10,000 is 100% of the investment.
In the first year, it loses 2% of its value. That means that after 1 year, the value of 100% of $10,000 is decreased by 2% of $10,000.
100% - 2% = 98%
After the first year, the investment is worth 98% of the original value.
98% as a decimal is 0.98
Answer: 0.98
