Math Problem Statement

The number of people using a social media application is declining by 15% monthly. Use the model A(t)=Ie^rt where r is the growth rate/decay. If initially there are 22,000,000 users, find the number of users after one year

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Natural Logarithm
Percentage Calculations

Formulas

Exponential Decay Model: A(t) = I * e^(rt)

Theorems

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Suitable Grade Level

Advanced High School