I believe D will be the correct answer.
Answer:
Give me more information
Step-by-step explanation:
Answer:
Step-by-step explanation:
We would apply the formula for exponential decay which is expressed as
A = P(1 - r/n)^ nt
Where
A represents the value after t years.
n represents the period for which the decrease in value is calculated
t represents the number of years.
P represents the value population.
r represents rate of decrease.
From the information given,
P = 23000
r = 8% = 8/100 = 0.08
n = 1
Therefore, the exponential decay function described in this situation is
A = 23000(1 - 0.08/n)1)^ 1 × t
A = 23000(0.92)^t
If A = 15000, then
15000 = 23000(0.92)^t
0.92^t = 15000/23000 = 0.6522
Taking log of both sides to base 10
Log 0.92^t = log 0.6522
tlog 0.92 = log 0.6522
- 0.036t = - 0.1856
t = - 0.1856/- 0.036
t = 5 years to the nearest year
Answer:
The customer saves 5.9 - 5.5 = $0.5
when he shops at store B
Step-by-step explanation:
Stores A and B sells bananas at different prices per pound.
Bananas are being sold for $0.59 a pound at Store A and $0.55 a pound at Store B.
If a customer wants to buy 10 pounds of bananas from store A and store B,
The customer would spend 0.59 × 10 pounds of bananas = $5.9
buying from store A and
The customer would spend 0.55 × 10 pounds of bananas = $5.5
buying from store B.
The customer spends more for 10 pounds of bananas if he buys from shop A.
The customer saves 5.9 - 5.5 = $0.5
when he shops at store B