Answer
$2204$
Work Step by Step
$y=C(1-r)^x$
$C=15000; r=0.16; x=11$
$y=15000(1-0.16)^{11}$
$y=15000(0.84)^{11}$
$y\approx2204$
Algebra: A Combined Approach (4th Edition)
by Martin-Gay, Elayn
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 - Page 867: 10
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