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

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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