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attashe74 [19]
3 years ago
10

if the national economy shrank at an annual rate of 6% per year for 3 consecutive years, then the economy shrank by 18% over the

three year period. The economy shrank by what per6 over the three year period?
Mathematics
2 answers:
marusya05 [52]3 years ago
5 0
The answer would be 18x 6 which would result in 108. Answer is 108/6
Best of luck!
Novosadov [1.4K]3 years ago
3 0

You want to find x such that

... 1 - x = (1 - 6%)³

... x = 1 - (0.94)³ = 1 - 0.830584 = 0.169416

... x ≈ 16.9%

The economy shrank by about 16.9% over the three-year period.

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