SOLUTION: what type of situation could be represented by the function f(x)=2(.94)^x

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Question 1019470: what type of situation could be represented by the function f(x)=2(.94)^x

Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Say we have something that new was $2 and that it decreases in value 6% each year.
The value of that item in x years could be expressed as
f(x)=2(.94)^x