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Olivia purchased a music system worth $18,000 in the year 2001. It loses its value by 6% per year. What is the value of the music system in 2003?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
Daisy purchased a food processor for $23,000 in the year 2009. It loses its value by 7% per year. What is the price of the food processor in 2012?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
In 1995, there were 85 rabbits in Central Park. The population increased by 12% each year. How many rabbits were in Central Park in 2005?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
Adam bought a fish aquarium worth $2,000 in the first week of the year. Its value depreciates by 3% per week. What will the value of fish aquarium after 5 weeks?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
Which of the following model is an exponential decay model?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
Ryan bought a bike for $47,000 in the year 2002. Its value depreciates by 2% per year. What is the value of the bike in 2006?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
Max has $30 in a savings account. The interest rate is 10%, compounded annually. To the nearest cent, how much will he have in 2 years?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
A private high school charges $57,000 for tuition, but this figure is expected to rise 10% per year. What will tuition be in 3 years?
$36.30
y = 7 (0.98)^t
$264
$75,867.00
$18,500.21
about $1,717.47
$43,351
$15904.48
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