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27 July, 09:32

Over the last 10 years, the price of corn has decreased by 25% per bushel. Assuming a steady percent decrease, by what percent does it decrease each year? Round to the nearest tenth of a percent.

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Answers (2)
  1. 27 July, 10:08
    0
    Step-by-step explanation:

    56%
  2. 27 July, 11:39
    0
    3%

    Step-by-step explanation:

    A (t) = p (1-0.25) * t

    A (t) = p (1-0.25) * 1/10

    A (t) = p (0.75) * 1/10

    A (t) = 0.97

    97% (100%-97%=3%)
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