abbielwaldron abbielwaldron

25-03-2021
Mathematics

contestada

You bought a $1750 worth of stocks in
2012. The value of the stocks has been
decreasing by 12% each year. Let y = the
value of the stocks and let x = the
number of years since 2012. Write and exponential function to represent this situation.
What will your stock be worth in 2020? Round your answer to the nearest cent.

Respuesta :

johnson10290 johnson10290

25-03-2021

Answer:

f(x) = 1750 x 0.88^x

It will be worth $629.36 in 2020.

Step-by-step explanation:

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