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nadezda [96]
3 years ago
8

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.
Mathematics
1 answer:
andrew-mc [135]3 years ago
6 0
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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