Math Problem Statement

A quantity with an initial value of 8100 decays continuously at a rate of 0.95% per year. What is the value of the quantity after 96 months, to the nearest hundredth?

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Continuous Decay
Natural Logarithm

Formulas

A = A_0 e^{-rt} (Exponential Decay Formula)

Theorems

Exponential Decay Theorem

Suitable Grade Level

Grades 9-12