Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2%

Question

Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What multiplicative rate of change should Hal use in his function?

0.02
0.98
1.02
1.98

GPT-5 mini · Answer

0.98

Explanation: A 2% decrease means multiply by 1 − 0.02 = 0.98, so the function is V(t) = 10000(0.98)^t (t in years).

Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What multiplicative rate of change should Hal use in his function?

0.02
0.98
1.02
1.98

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Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What multiplicative rate of change should Hal use in his function? 0.02 0.98 1.02 1.98

All Answers 1

Submit Your Answer

Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What multiplicative rate of change should Hal use in his function?

0.02
0.98
1.02
1.98