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
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