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If the profits in your consulting business increase by 8​% one year and decrease by 2% the following​ year, your profits are up by ​6% over two years.

Sagot :

Answer:

not true....

assume $100 start.

in year 1 you are at $108 (up 8%)

in year 2  $108(.98) ... that is 2% down = 105.84...

thus your profit is up only 5.84% over the two years

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