a tin mine is estimated to have tin reserves worth two million ringgit. if the monthly extraction is 5% of the value of the rese rve the month before, find the value of the tin reserves after two years.
1 answer:
Month_1 Value = Month_0 Value * 0.95 Month_2 Value = Month_1 Value * 0.95 = Moth_0 Value * 0.95*0.95 = Month_0 Value * 0.95^2 Month _n Value = Month_0 Value * (0.95)^n After 2 years ==> n = 24 Month_24 Value = Month_0 Value * (0.95)^24 = 2,000,000 *(0.95)^24 = 583,978.05
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nataly862011 [7]
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