Math Problem Statement
Identify the initial amount $a$a and the rate of decay $r$r (as a percent) of the exponential function $y=575\left(1-0.6\right)^t$y=575(1−0.6)t . Evaluate the function when $t=3$t=3 . Round your answer to the nearest tenth.
Solution
The given exponential function is:
To identify the initial amount and the rate of decay , we first recognize the structure of an exponential function:
Here, is the initial amount, and represents the decay factor.
- The initial amount is the coefficient in front of the exponential term, which is 575.
- The rate of decay is the quantity that is subtracted from 1. Since we have , the rate of decay is 0.6, or 60% (as a percent).
Now, evaluating the function at :
Calculating :
Now multiply by 575:
Thus, when , the value of is 36.8 (rounded to the nearest tenth).
Summary:
- Initial amount
- Rate of decay
- Value at is
Would you like further clarification on any of these steps? Here are some related questions to explore:
- How do you interpret the rate of decay in real-life scenarios (e.g., population decline, radioactive decay)?
- How would the result change if the decay rate were higher (e.g., 80%)?
- What would the value of be if ?
- How would you solve for if you are given a specific value for ?
- How does the decay factor affect the long-term behavior of the function?
Tip: When working with exponential decay, note that the decay factor is always less than 1, which causes the value of the function to decrease as increases.
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Math Problem Analysis
Mathematical Concepts
Exponential Functions
Decay Rate
Evaluating Functions
Formulas
Exponential Decay Formula: y = a(1 - r)^t
Theorems
Properties of Exponential Functions
Suitable Grade Level
Grades 9-12
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