Story problem

Question

A community theater group finds that their funding is cut by 12% each year. This year, they receive $10,000 in funding from grants and donors. 

 

Write the an exponential function that models this situation where y is the amount of funding and x is the time in years. 

y(x) =10,000 • 0.88?

 

Use your equation from problem 28 to complete the chart to the right. 

 

Years        Funding

0

2

4

8

12

16

 

 

Calculate the the expected amount of funding 6 years ago. Show your calculations 

 

Answer 1

y = A(0.88)^x

10000 = A(0.88)^x

 

The year number in which they received the 10000 is needed.