A piece of land was purchased for $65,000. The value of the land has slowly been decreasing by 1% annually. a.) Write an exponential decay function to represent this situation. b.) How much will the land be worth in 20 years? Round your answer to the nearest dollar.

Q: Solve. Round each calculation to the nearest hundredth. You will need a scientific or graphing…

A: topic- exponential function

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Q: 1) In 2021, Jay purchases a car for S16,000. The value of the car depreciates (exponentially…

A: Since, you have posted more than one question,we solve the first one for you. For the remaining…