7000 - (0.06 * 7000)
= 6580
or
7000 * (100-0.06)
- 6580
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"Decreased by 62 percent" means that 38 percent is left over. Since percent means hundredths, you just multiply 0.38 x 7000.
420
Six decreased by 62% = 2.28
Annually compounded at a %6 rate on $7000 equals $9896.
That will be -40%