Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was it's value at the end of the year?
How would I do this? I am so very lost!
Value= 6400(1-.082)
would it not be $6400/100 then multiplied by 8.2%??
Then subtract the answer from $6400?
Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was it's value at the end of the year?