Writing and Applying Exponential Equations 2) Use the given exponential equation to answer the question. Grace bought a new computer for $2,100. The value of the computer decreases by 11% each year. What will the value of the computer be after 7 years? y = 2100(0.89)X Abe and Libby just moved to Hopkins. The current population is about 18,000 and is increasing by 3.66% each year. What will the population be if they stay for 3 years? y = 18000(1.0366)X

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CR: Chapter Review
Problem 53E
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T
Writing and Applying Exponential Equations
2) Use the given exponential equation to answer the question.
Grace bought a new computer for $2,100. The value of the computer decreases
by 11% each year. What will the value of the computer be after 7 years?
y = 2100(0.89)X
Abe and Libby just moved to Hopkins. The current population is about 18,000 and
is increasing by 3.66% each year. What will the population be if they stay for 3
years?
TAKE A TOUR
y = 18000(1.0366)X
Transcribed Image Text:T Writing and Applying Exponential Equations 2) Use the given exponential equation to answer the question. Grace bought a new computer for $2,100. The value of the computer decreases by 11% each year. What will the value of the computer be after 7 years? y = 2100(0.89)X Abe and Libby just moved to Hopkins. The current population is about 18,000 and is increasing by 3.66% each year. What will the population be if they stay for 3 years? TAKE A TOUR y = 18000(1.0366)X
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