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## Solve the equation of exponential decay. A company’s value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company

Question

Solve the equation of exponential decay.

A company’s value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company had a value of

$9,220,000 in 2009, write an equation for the value of the company years after 2009

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Math
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2021-09-15T01:59:04+00:00
2021-09-15T01:59:04+00:00 1 Answer
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## Answers ( )

Answer:$9,220,000(0.888)^t

Step-by-step explanation:Model this using the following formula:

Value = (Present Value)*(1 – rate of decay)^(number of years)

Here, Value after t years = $9,220,000(1 -0.112)^t

Value after t years = $9,220,000(0.888)^t