(t) = 7248(0. 983)'. what does the value 0.983 represent in the situation?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 57SE: Repeat the previous exercise to find the formula forthe APY of an account that compounds daily....
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The population of a town after tyears
is represented by the function
(t) = 7248(0. 983)'. what does
the value 0.983 represent in the
situation?
The population of the town
increases by 0.983 each year.
The population of the town
decreases by 0.983 each year.
The initial population of the
town is 0.983.
The population of the town is
0.983 times the population of
the town in the previous year.
Transcribed Image Text:The population of a town after tyears is represented by the function (t) = 7248(0. 983)'. what does the value 0.983 represent in the situation? The population of the town increases by 0.983 each year. The population of the town decreases by 0.983 each year. The initial population of the town is 0.983. The population of the town is 0.983 times the population of the town in the previous year.
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