Answer
$f(t)=10,000e^{-0.60t}$
Work Step by Step
$f(t)=Pe^{rt}$
is the model for contiuously depreciating (negative interest) investments.
Given
$P=10,000,\quad r=-0.60$
$f(t)=10,000e^{-0.60t}$
Finite Math and Applied Calculus (6th Edition)
by Waner, Stefan; Costenoble, Steven
Published by
Brooks Cole
ISBN 10:
1133607705
ISBN 13:
978-1-13360-770-0
Chapter 9 - Section 9.2 - Exponential Functions and Models - Exercises - Page 643: 66
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