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Write a function in terms of 1 that represents the situation. A stock valued at $100 decreases in value by 9.5% each year.

Write a function in terms of 1 that represents the situation A stock valued at 100 decreases in value by 95 each year class=

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Answer:

y = 100(0.905)^t

Step-by-step explanation:

Formula for exponential function is:

principal times rate to the power of time

So in this case:

principal: 100

rate: 0.905 since 1.00 - 0.095 = 0.905

time = t (years)

The function that best represents the situation is Y=100(1-0.095)^t

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