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14 October, 07:38

Hal is asked to write an exponential function to represent the value of a 10,000 investment decreasing at 2% annually. What multiplicative rate of change should Hal use in his fraction?

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Answers (2)
  1. 14 October, 08:13
    0
    Ok. 10,000 times 0.2=2000
  2. 14 October, 11:34
    0
    Y=10000 (1-0.02) ^x

    Y=10000 (0.98) ^x
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