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The initial value of a book is $58 and decreses at a rate of 7% per year. Use an exponential function to find the value of the book after 8 years.(pls help me pls and ty) A.$7.21 B.$32.46 C.$21.44 D.$56.
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The initial value of a book is $58 and decreses at a rate of 7% per year. Use an exponential function to find the value of the book after 8 years.(pls help me pls and ty)

A.$7.21
B.$32.46
C.$21.44
D.$56.21

User Valerie Thiesent
by
6.7k points

1 Answer

4 votes

Answer

y = 58 ( 1-0.07)^8 so y = 32.46

Explanation:

User Sergey Vasiliev
by
7.9k points
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