After it has been harvested, corn stored at a particular temperature will lose market value at a rate of 7% per day. If a corn harvest worth $81,050 is being stored at that temperature, what will its market value be in 8 days?
After it has been harvested, corn stored at a particular temperature will lose market value at a rate of 7% per day. If a corn harvest worth $81,050 is being stored at that temperature, what will its market value be in 8 days?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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After it has been harvested, corn stored at a particular temperature will lose market value at a rate of 7% per day. If a corn harvest worth $81,050 is being stored at that temperature, what will its market value be in 8 days?
If necessary, round your answer to the nearest cent.
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