Question

you have $100 in your bank account. In the first year, the account increases by 7%. The second-year your account decreased by 7% how much money do have after 2 years

Answer 1

$99.51

Explanation:

$100=100℅

=107%

107%×$100

100%

=>$107

=>by the end of first year

$107=100%

=93%

$107×93%

100%

=>$99.51

=>by the end of second year