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Musya8 [376]
3 years ago
10

in 2001 John makes an investment investment and $50,000 decreases in value of the rate of 2.5% per year write an exponential fun

ction to find the value of the investment in 2010
Mathematics
1 answer:
VARVARA [1.3K]3 years ago
5 0

Answer:

$39811.77

Step-by-step explanation:

If we put y as the unit of year, the function will be 50000x0.975^y (100%-2.5% is 97.5%). And so from 2001 to 2010, nine years has passed, so the equation will be 50000x0.975^9 And if you calculate and round the answer to the nearest hundredth (cent), you will find $39811.77.

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