7.0 is ten times as much as _______
2 answers:
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Answer:
Step-by-step explanation:
we can use formula
where
P(t) is the profit after t years
Po is initial profit or profit is at t=0
r is decreasing rate
t is time in years
we are given
A company profit of $20,000 decreases by 13.4% each year
so,
Po=20000
r=13.4%=0.134
now, we can plug values
we get