Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What mul

Question

Wewaii [24]

3 years ago

13

Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What mul

tiplicative rate of change should Hal use in his function?

Mathematics

2 answers:

Elena L [17] · Answer 1 · 2022-06-01T13:38:30+03:00

Elena L [17]3 years ago

8 0

A decrease of 2% means only 98% of the original value lasts. Therefore Hal should multiply with 98%

To convert percentages to decimals, one has to divide by 100, and therefore
98% = 98/100 = 0.98.

Hence, Hal should multiply with 0.98.

finlep [7] · Answer 2 · 2022-06-01T15:49:22+03:00

finlep [7]3 years ago

6 0

Answer:

0.98

Step-by-step explanation: