The formula commonly used to find simple interest is i = prt.
2 answers:
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Answer:
So the decay percentage rate is of 70.8%
Step-by-step explanation:
An exponentil function has the following format:
In which c is a constant.
If a>1, we have that a = 1 + r and r is the growth rate.
If a<1, we have that a = 1 - r and r is the decay rate.
In this problem:
a = 0.292
A is lesser than 1, so r is the decay rate.
1 - r = 0.292
r = 1 - 0.292
r = 0.708
So the decay percentage rate is of 70.8%