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49. When a store releases a new cell phone to customers, it expects its sales to decrease by 5% each month after the initial month. If the s
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49. When a store releases a new cell phone to customers, it expects its sales to decrease by 5% each month after the initial month. If the store sells 682 of a particular phone the first month, which exponential function models this situation x months after the initial month?
A f(x) = 682 • 1.05^x
B f(x) = 682 • 0.05^x
C f(x) = 682 • 0.95^x
D f(x) = 682 • 1.95^x
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2021-08-15T22:46:45+00:00
2021-08-15T22:46:45+00:00 1 Answers
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Answer:
C) f(x)= 682 • 0.95^x
Step-by-step explanation:
The formula for Exponential Decrease is given as:
y = a(1 – r)^x
Where
y = f(x)
a = Initial size of the population = 682
r = Growth rate = 5% = 0.05
x = Time is years
Therefore, our equation can be written as:
f(x) = 682 × (1 – 0.05)^x
f(x) = 682 × (0.95)^x
Therefore, the exponential function that models this situation x months after the initial month is
option C)
f(x) = 682 • 0.95^x