Answered

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Last year, Jenny opened an investment account with $7400. At the end of the year, the amount in the account had decreased by6.5%. How much is this decrease in dollars? How much money was in her account at the end of last year?

Sagot :

if the decreasing amount is 6.5% the r in our decay function will be:

[tex]1-0.065=0.935[/tex]

and in one yeat t=1 so the equation will be:

[tex]\begin{gathered} y=7400(0.936)^1 \\ y=6925.4 \end{gathered}[/tex]

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