To calculate 1% of 400000:
So: the answer is 4000.
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60% of 400000 = 60% * 400000 = 0.6 * 400000 = 240,000
You have to calculate 400,000 x 1.5 / 100. (Percent means hundredths; the idea is to calculate 1.5 hundredths of the amount.)
40000
(400000) x (1.07)(raised to 15) = (400000) x (2.759) = 1103600
85% decrease.