Mathematics, 03.03.2020 00:54 venecia53

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

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A piece of land was purchased for $65,000. The value of the land has slowly been decreasing by 1% an...

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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. Write an exponential decay function to represent this situation. How much will the land be worth in 20 years?

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Another question on Mathematics

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