Im just gonna give away all the points I earn today from helping out so here you go :)
1 answer:
You might be interested in
The exponential function that models this situation is:
------------------------------------------
A decaying exponential function has the following format:
In which:
- y(0) is the initial value.
- r is the decay rate, as a decimal.
In this problem:
- The stock started at $225, thus
.
- Declines at a rate of 25% every 2 weeks, thus
The equation is:
A similar problem is given at brainly.com/question/24282972