Algebra: A Combined Approach (4th Edition)

Published by Pearson
ISBN 10: 0321726391
ISBN 13: 978-0-32172-639-1

Chapter 12 - Section 12.4 - Exponential Growth and Decay Functions - Exercise Set: 10

Answer

$2204$

Work Step by Step

$y=C(1-r)^x$ $C=15000; r=0.16; x=11$ $y=15000(1-0.16)^{11}$ $y=15000(0.84)^{11}$ $y\approx2204$
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