Question

Evaluate: 100(1 - 0.02)^10.
Round to the nearest tenth.

Answer 1

It sounds like you are asking what is 98 percent compounded 10 times.

Answer 2

...or maybe he's really just asking 100(1 - 0.02)^10. rounded to the nearest tenth

Answer 3

??

Answer 4

(1-0.02) = 0.98 or 98 percent. 98 percent compounded twice is 0.98 * 0.98 = 0.9604 or 96%. 98% compounded 10 times or (0.98)^10 is 0.817 or 81.7%