Solve the Problem $y = 7900 ( 1.8 ) ^ { - 0.2 t }$

question 125

Multiple Choice

Solve the problem.
-The expected future population of a small town, which currently has 7900 residents, can be approximated by the formula $y = 7900 ( 1.8 ) ^ { - 0.2 t }$ where t is the number of years in the future. Find the expected population of the town 30 years in the future.

• A)2844
• B)7900
• C)232
• D)3

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Definitions:

Salvage Value

The projected value of an asset when it reaches the end of its operational lifespan.

Useful Life

The estimated time period an asset is expected to be used by a company before it is no longer useful or becomes obsolete.

Double-Entry System

An accounting system where each transaction is entered twice, as a debit in one account and a credit in another, to ensure the accounting equation is always balanced.

Financial Statements

Papers that deliver a summary of a company's financial health, featuring the income statement, balance sheet, and cash flow statement.