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2 answers:
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The starting value is 20,300, and the value is decreasing by 9.5% each year.
Because it decreases by 9.5% each year based on the previous amount, we use an exponential decay model.
A decrease by 9.5% corresponds to multiplying by 91.5% each year.
We write . We plug in 11 years for t.
$7,671.18
Because it decreases by 9.5% each year based on the previous amount, we use an exponential decay model.
A decrease by 9.5% corresponds to multiplying by 91.5% each year.
We write . We plug in 11 years for t.
$7,671.18
Final Answer: No Solution
Steps/Reasons/Explanation:
Question:
<u>Step 1</u>: Divide both sides by .
<u>Step 2</u>: Expand.
<u>Step 3</u>: Since is false, we have no solution.
No Solution
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