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: 9

Answer

$1470$

Work Step by Step

$y=C(1-r)^x$ $C=10000; r=0.12; x=15$ $y=10000(1-0.12)^{15}$ $y=10000(0.88)^{15}$ $y\approx1470$
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