Mathematics: 20 pts from 2002 to 2012, the number of a particular make of cars sold at a dealership yearly declined to 500. the number is expected to decline at a rate of 2.8% each year. how many cars will be sold in 2020? round to the nearest whole number. show all your work.

20 pts from 2002 to 2012, the number of a particular - id2020022012174957, athenasartin1

tiwaribianca475

10.03.2022

399 cars will be sold in 2020

Step-by-step explanation:

Using exponential decay formula:

$y = a(1 - r)^{x}$

a = intial value at 2012 : 500

r = 2.8 %

$= \frac{2.8}{100} = 0.028$

x = time interval : 8

$y = 500 (1 - 0.028)^{8} \\y = 500 (0.972)^{8}\\y = 500 (0.797)\\ y = 399$

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nicole5918

09.01.2021

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Step-by-step explanation:

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