Math Problem Statement
The area of undeveloped land in a suburban town is decreasing at a rate of 17.3% annually. In 2016, there were 3,400 acres of undeveloped land. If t represents the number of years since 2016, which equation can be used to determine after how many years the town will have 900 acres of undeveloped land remaining?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Exponential Decay
Logarithms
Formulas
A(t) = A_0 * (1 - r)^t
ln(A) = t * ln(base)
Theorems
Exponential Decay Formula
Suitable Grade Level
Grades 9-12