In 2010 there were 31,840 seniors in the community. Since that time, the number of seniors has dropped at a rate of 3.3% annually. Which of the following functions will be used to model this information?

Answer 1

The function that can be used to model this information is:

f(x) = 31,840 * (1 - 0.033)^x

where x is the number of years since 2010.