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.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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.
5
7.
8
mmon-assessment-delivery/start/5481 550868?action=on resume&submission id=705557436 #
Cunnart I Cchoolam Dlon
DDNIACY DO
Transcribed Image Text:POS 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. 5 7. 8 mmon-assessment-delivery/start/5481 550868?action=on resume&submission id=705557436 # Cunnart I Cchoolam Dlon DDNIACY DO
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