Abigail C. answered 07/10/19
Enthusiastic and Encouraging Algebra 1 Expert - 16,000+ hours tutored
Hi! The formula for these types of problems is A = P (1-r)t
A = end amount
P = initial amount
r = rate of decay (in decimal form)
t = time
In this case, P = 400 and r = 0.03. Our formula will be A = 400(1-.03)t. This can be simplified to A = 400(.97)t.
I hope that this helps!