Answer
$y= 1,860,000(0.985)^x$; $1,551,485$
Work Step by Step
$a= 1,860,000$
$r= 1.5\%$ decrease
$r= 0.015$
$t= 12$ years
$A(t)=a(1-r)^t$
$=1,860,000(1-0.015)^{12}$
$=1,551,485$
Algebra 2 Common Core
by Hall, Prentice
Published by
Prentice Hall
ISBN 10:
0133186024
ISBN 13:
978-0-13318-602-4
Chapter 7 - Exponential and Logarithmic Functions - 7-1 Exploring Exponential Models - Practice and Problem-Solving Exercises - Page 439: 28
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