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45 votes
45 votes
Jim thinks that the value of a baseball card can be modeled by a decay formula and that the value will decrease at a rate of 0.2% each year. The card was originally valued at $250 in 2007.

What would Jim expect the value of the card to be in 2018?

User JARH
by
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1 Answer

29 votes
29 votes

Answer: $244.55

A = $250 ; r=0.002 t= 11 [From 2007 to 2018 , t=2018-2007]

User Greycrow
by
2.9k points
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