Your interest is $72, your principal is $600 and the rate is 4%. How much time will you need to pay off the loan?
1 answer:
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Answer:
14.4% decrease
Step-by-step explanation:
Here is the formula for finding the percentage of decrease:
(starting value - final value) / starting value * 100.
So for your question,
/
There was a 14.4% decrease within 50 years.