JayneP353511 JayneP353511
  • 25-10-2022
  • Mathematics
contestada

Use a graph to predict the value of jewelry in 7 years.

Use a graph to predict the value of jewelry in 7 years class=

Respuesta :

MakiaT508293 MakiaT508293
  • 25-10-2022

Solution:

Given that the initial cost price of the jewelry is $2,200.

The rate at which it decreases each year is 12%.

Thus, the exponential decay function is;

[tex]\begin{gathered} y(t)=2200(1-0.12)^t \\ \\ \text{ Where }t\text{ is the time in years.} \end{gathered}[/tex]

The graph of the function is;

From the graph;

CORRECT OPTION:

[tex]\approx899.09[/tex]

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