Question

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?

Answer 1

Answer: $244.55

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