Question

You bought $2000 worth of stocks in 2012. The value of the stocks has been decreasing by 10% each year
Part A
Write an exponential function to represent this scenario...
Format for answer...
A(T) = a (1 + r)
Part B
What will your stock be worth in 2017? Round your answer to the nearest cent.

Answer 1

y=2000(0.9)

ANSWER: $1180.98

Answer 2

Answer:

a(t)= 2000(1+r)^T

*make sure to add the power to t

a(t)=2000(1+.10)^5

= 3221.02

Hope this helps!