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emmainna [20.7K]

4 years ago

7

Solve the equation of exponential decay.

1 answer:

BabaBlast [244]4 years ago

3 0

Answer:

$9,220,000(0.888)^t

Step-by-step explanation:

Model this using the following formula:

Value = (Present Value)*(1 - rate of decay)^(number of years)

Here, Value after t years = $9,220,000(1 -0.112)^t

Value after t years = $9,220,000(0.888)^t

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