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21 February, 21:06

An Investment of $12,000 is losing value at a rate of 4% each year. Write an exponential function to model the situation, then find the value of the Investment after 9 years.

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  1. 21 February, 21:25
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    Answer:After 9 years:

    7,680

    Step-by-step explanation:

    4%=0.04

    1 year = 12,000 x 0.04=480

    9 years = 480 x 9 = 4320

    12,000-4320 = 7,680
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