I have question 7 done I need help with #8 if you can please! Thank you!

Question

asked Nov 13, 2023 125k views

1 Answer

Frank Smith · Answer 1 · 2023-11-19T04:59:59+0000

ANSWER

$y=25,000\cdot0.95^t$

Step-by-step explanation

Exponential decay is modeled by the equation,

$y=a\cdot(1-r)^t$

Where a is the initial value, in this case, a = $25,000, and r is the decay - or decrease, rate. In this problem, r = 0.05.

The equation is,

Solve the subtraction to write it in the asked form,

$y=25,000\cdot0.95^t$