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Substratum is an open-source network that allows anyone to allocate spare computing resources to support the foundation of the decentralized web. SUB is the cryptocurrency that supports this network. On the 10th of January 2018, the price of SUB was $2.88 and on the 5th of April 2019 the price was $0.02. When rounded to one decimal place, which of the below gives the percentage decrease of the price of SUB from the 10th of Jan 2018 to the 5th of April 2019?

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shubhamchouhanvrVT

The percentage decrease will be equal to 99.30 %.

What are percentages?

The Percentage is defined as representing any number with respect to the 100. It is denoted by the sign %.

Given that:-

  • SUB is the cryptocurrency that supports this network. On the 10th of January 2018, the price of SUB was $2.88 and on the 5th of April 2019 the price was $0.02

The percentage decrease will be calculated as:-

Percentage decrease = [tex]\dfrac{2.88 - 0.02}{2.88}[/tex]

Percentage decrease = 0.9930 = 99.30%

Therefore the percentage decrease will be equal to 99.30 %.

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