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In 1995 you purchased some land for $8000. The value of the land depreciates by 4% every year. Use an exponential decay function to find the approximate value of the land in 2002. Use y = a(1-r) A. $5760
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3 votes
In 1995 you purchased some land for $8000.

The value of the land depreciates by 4%
every year. Use an exponential decay
function to find the approximate value of the
land in 2002. Use y = a(1-r)
A. $5760
B. $5771
C. $6012
D. $6262

User Todd Owen
by
8.0k points

2 Answers

1 vote

Answer:

A

Explanation:

You are removing 20 dollars a year.

User Mimmo
by
7.9k points
4 votes

Answer:

C

Explanation:

User Burke
by
8.3k points
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