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kotykmax [81]
3 years ago
8

The fish population in a local stream is decreasing at a rate of 3% per year. The original population was 48,000. Write an expon

ential function to model this situation. Then find the population after 7 years.
Mathematics
1 answer:
ElenaW [278]3 years ago
8 0

Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Decrease rate (d)= 7%

Number of periods (n)= 7 years

Current population (PV)= 48,000

<u>First, to calculate the future value, we need to use the following decrease exponential formula:</u>

<u />

FV= PV*[(1+d)^-n]

<u>After 7 years:</u>

FV= 48,000*(1.07^-7)

FV= 29,892

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