SOLUTION
Given the question in the image, the following are the solution steps to answer the question.
STEP 1: Explain exponential decay
An exponential function is defined by the formula f(x) = ab^x, where the input variable x occurs as an exponent
STEP 2: Write the given value
[tex]a=3400,b=(1-0.055)=0.945,x=12[/tex]STEP 3: Calculate the area after 12 years
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