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What is the decay rate of 4(0.97)^t
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What is the decay rate of 4(0.97)^t

User Paul Stelian
by
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1 Answer

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The decay rate is
1 - r = .97
Solve for r
Subtract 1 from both sides
- r = -.03
Divide both sides by -1
r = .03
r = 3%
User Rindis
by
7.8k points
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