The number of fish in a lake declined by 30% over 13 years. What is the average yearly decline in the number of fish?
I know how to increase, but I can't seem to figure out how to calculate decline, can anyone help explain?
The number of fish in a lake declined by 30% over 13 years. What is the average yearly decline in the number of fish?
I know how to increase, but I can't seem to figure out how to calculate decline, can anyone help explain?
Hint...Decreasing by $30$% is equivalent to multiplying the initial total by $0.7$
So you need to find $x$ such that $$(1-\frac{x}{100})^{13}=0.7$$
If you really think,$$V=U(1+r)^n$$
where $V$ is final quantity, $U$ is initial quantity (i.e., $1$ in this case), $r$ is the annual rate of change (increase or decrease) and $n$ is the no. of years in this case.
Putting $V=1-0.3=0.7$ and $n=13$, you get $r=-0.02706357116766167$.
That is, a decrease of $2.7\%$ every year.
So instead i try with a negative sign: 1-30/100 = 0.7 13√0.7 = 0.97 + 1 1.97 x 100? = defiantly wrong answer.. :S
– user424580 Mar 11 '17 at 16:05