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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Katherine 1 week 2021-09-15T01:59:04+00:00 1 Answer 0

Answers ( )

    0
    2021-09-15T02:00:45+00:00

    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

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