What is the amount of money p that will generate $40 in interest at a 10$ interest over 5 years
1 answer:
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Answer:
The decay rate is 5%.
Step-by-step explanation:
Let a substance is decaying at the rate of r% per hour from the initial value of P for t hours, then the final value of the substance is given by the function
........... (1)
Comparing this equation with the original equation given as
............ (2) we get,
⇒
⇒ r = 5%.
Therefore, the decay rate is 5%. (Answer)