The starting value is 20,300, and the value is decreasing by 9.5% each year.
Because it decreases by 9.5% each year based on the previous amount, we use an exponential decay model.
A decrease by 9.5% corresponds to multiplying by 91.5% each year.
We write . We plug in 11 years for t.
$7,671.18
The answer is 3. I hope this helps :))
Q = 3s - 9/6
q = 3(s - 3)/6
q = s - 3/2
6q + 9 = 3s
6q + 9/3 = s
3(2q + 3)/3 = s
2q + 3 = s
s = 2q + 3