Raymond B. answered 09/26/21
Tutor
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Math, microeconomics or criminal justice
1/2 = e^1590r where r=annual decay rate
take natural logs of both sides
ln0.5 = 1590r
divide both sides by 1590
r = ln.5/1590 = -0.69315/1590 =-0.000436=-0.04% = -0.0004 decay rate