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Finding a final amount in a word problem on exponential growth or decay

A certain forest covers an area of 3700 km^2. Suppose that each year this area decreases by 3.25%. What will the area be after 9 years?
Use the calculator provided and round your answer to the nearest square kilometer.

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Step-by-step explanation:

Answer:

[tex]Area = 2748km^2[/tex]

Step-by-step explanation:

[tex]A = P(1 - \frac{r}{n})^{nt}\\\\P = 3700\\r = 3.25\% = 0.0325\\t = 9\\n = 1\\\\ A = 3700 ( 1 - 0.0325)^9 = 2748[/tex]

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