Concept explainers
What will her investment be worth in 6 years?
Answer to Problem 34PT
Her investment will be worth of
Explanation of Solution
Given information:
Investment amount = $3000.
Rate of losing = 3% each year.
Number of years = 6.
Calculation:
We know the exponential function equation is given by
Also
Investment amount
Decay rate
Decay factor
Plugging the value of a, b and t in exponential function equation
Therefore, her investment will be worth of approximately
Chapter 7 Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
Additional Math Textbook Solutions
Linear Algebra and Its Applications (5th Edition)
College Algebra
College Algebra (7th Edition)
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education