The value of a textbook is $69 and decreases at a rate of 15% per year for 11 years. Find the exponential function and find y

Question

asked Jan 23, 2023 110k views

1 Answer

Jeffshantz · Answer 1 · 2023-01-28T05:56:50+0000

Answer:

y = 69(0.85)ⁿ

after 11 years the value is $11.55

Write the exponential equation and find the value after the given time:

The value of a textbook is $69 and decreases at a rate of 15% per year for 11 years.