At a local bookstore Jim bought 2 paperback books for $13.00. Maria bought 5 paperback books for $32.50. Tanya bought 7 paperbac
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The exponential function that models this situation is:
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A decaying exponential function has the following format:
In which:
- y(0) is the initial value.
- r is the decay rate, as a decimal.
In this problem:
- The stock started at $225, thus
.
- Declines at a rate of 25% every 2 weeks, thus
The equation is:
A similar problem is given at brainly.com/question/24282972