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Solve the equation of exponential decay.
A company's value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company had a value of
$9,220,000 in 2009, write an equation for the value of the company years after 2009

Respuesta :

altavistard

Answer:

$9,220,000(0.888)^t

Step-by-step explanation:

Model this using the following formula:

Value = (Present Value)*(1 - rate of decay)^(number of years)

Here, Value after t years = $9,220,000(1 -0.112)^t

          Value after t years =  $9,220,000(0.888)^t

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