Register

In 1995 you purchased some land for $8000. The value of the land depreciates by 4% every year. Use an exponential decay function to find the approximate value of the land in 200…

In 1995 you purchased some land for $8000. The value of the land depreciates by 4% every year. Use an exponential decay function to find the approximate value of the land in 200…
asked 35.6k views
3 votes
In 1995 you purchased some land for $8000.

The value of the land depreciates by 4%
every year. Use an exponential decay
function to find the approximate value of the
land in 2002. Use y = a(1-r)
A. $5760
B. $5771
C. $6012
D. $6262

asked
User Todd Owen
by
8.0k points

2 Answers

1 vote

Answer:

A

Explanation:

You are removing 20 dollars a year.

answered
User Mimmo
by
7.9k points
4 votes

Answer:

C

Explanation:

answered
User Burke
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!