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15. An electric can opener is worth 38 dollars when it is new. After each year it is worth half what it was the
previous year. What will its worth be after 4 years? Round your answer to the nearest cent.
$4.19
$4.75
b. $1.19
d. $2.38
a.
c.

Respuesta :

JeanaShupp

Answer: d. $2.38

Step-by-step explanation:

Exponential decay function: [tex]Ab^x[/tex], where A = initial value

x= Time mperiod

b = multiplicative decay rate

As per given, we have

A = 38 dollars

b= 0.5

Amount after x years : [tex]38(0.5)^x[/tex]

Then, at x= 4

Amount after 4 years : [tex]38(0.5)^4=38(0.0625)[/tex]

[tex]=2.375\approx2.38[/tex]

Hence, the worth of electric can opener after 4 years = $2.38.

So, correct option is d. $2.38

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