Question

(30pts)

Answer 1

y = a(1-r)^×

source: https://mathbitsnotebook.com/Algebra2/Exponential/EXGrowthDecay.html

y = exponential decay

a = initial amount = 78000

r = decay rate = .03

x = number of time intervals = w

Error:

b = growth/ decay factor

b = 1+r for growth

b = 1-r for decay

x = w per the above information

Sarah did not account for either of these points when creating her equation.

Correct solution:

y = 78000 (1-.03)^w