Algebra-1

1. Use the formula for exponential decay:

The formula for calculating the value of a quantity after  time periods with a decay rate  (expressed as a decimal) starting from an initial value  is .

 

In this case:

The initial revenue  of the company is $.

The decay rate  is , which in decimal form is .

The number of months  is .

 

2. Substitute the values into the formula:

 

Now calculate :

Click "Show Answer" to reveal the answer and analysis