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Home values in a town have declined 26% per year for each of the past four years. What was the total percentage decrease in home values during the four-year period?

Home values in a town have declined 26% per year for each of the past four years. What was the total percentage decrease in home values during the four-year period?
asked 163k views
3 votes
Home values in a town have declined 26% per year for each of the past

four years. What was the total percentage decrease in home values
during the four-year period?

asked
User Green Goblin
by
8.7k points

1 Answer

2 votes

Answer: 104%

Step-by-step explanation: 26% times 4 years

answered
User Pseyfert
by
8.1k points
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