Answer:
About 8.5 mins
Step-by-step explanation:
This is a compound decay problem, which goes by the formula:
[tex]F=P(1-r)^t[/tex]
Where
F is the future amount (we want it to be 380)
P is the present amount (980 now)
r is the rate of decay per minute (10.5% = 10.5/100 = 0.105)
t is the time it takes (what we want to find)
Substituting, we get our answer to be:
[tex]F=P(1-r)^t\\380=980(1-0.105)^t\\380=980(0.895)^t\\0.3878=0.895^t\\Ln(0.3878)=Ln(0.895^t)\\Ln(0.3878)=t*Ln(0.895)\\t=\frac{Ln(0.3878)}{Ln(0.895)}\\t=8.54[/tex]
SO, it is going to take about 8.54 mins, rounded to nearest tenth (1 decimal), we have:
About 8.5 mins