Question

Tommy started a business in the year 1991. He got $44,000 profit in the first year. Each year his

profit decreased by 3%. Identify an exponential decay model to represent his decreasing annual
profit in the business?

Answer 1

`P = 44,000(.97)^(t)`

P=Profit

t=years

Explanation:

`P = 44,000(.97)^(t)`

P=Profit

t=years

Answer 2

Answer= decreasing annual profit in the business

are $13200.