Question

The value of sports team decreases at a steady 20% each year. What is the total percentage loss( to the nearest integer) in the value of the sports team at the end of 4 years?

Answer 1

the value of the sports team at the end of 4 years is 46%

Explanation:

If the value of the sports team decreases at a steady 20% each year, then the total percentage loss after 4 years is:

```

1 - (1 - 0.2)^4 = 1 - 0.8^4 = 0.464 = **46%** (rounded to the nearest integer)

```

Therefore, the total percentage loss in the value of the sports team at the end of 4 years is 46%