Answer:
4845.34
Step-by-step explanation:
Exponential Functions:
y=ab^x
a=starting value = 17900
r=rate = 12.25%=0.1225
Exponential Decay:
b=1−r=1−0.1225=0.8775
Write Exponential Function:
y=17900(0.8775)^x
Plug-in time for x:
y=17900(0.8775)^{10}
y=4845.3402815
y≈4845.34
