The yearly profits of a company is $25,000. The profits have been decreasing by 6% per year. A. Write an exponential decay function to represent this situation. B. What will be the profits in 8 years? Round your answer to the nearest dollar.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.2: Graphs Of Exponential Functions
Problem 1SE: What role does the horizontal asymptote of anexponential function play in telling us about the...
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1. The yearly profits of a company is $25,000. The profits have been decreasing by 6% per
year. A. Write an exponential decay function to represent this situation. B. What will be
the profits in 8 years? Round your answer to the nearest dollar.
Transcribed Image Text:1. The yearly profits of a company is $25,000. The profits have been decreasing by 6% per year. A. Write an exponential decay function to represent this situation. B. What will be the profits in 8 years? Round your answer to the nearest dollar.
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