
William W. answered 10/27/22
Top Pre-Calc Tutor
Consider the standard exponential equation of:
A(t) = A0(1 + r)t
In this case If we start with an amount of material "A0" then after 14.9 years, we will have 1/2 of that so A0/2. Plugging those values into our equation we get:
A0/2 = A0(1 + r)14.9 then dividing both sides by A0 we get:
1/2 = (1 + r)14.9 then taking the log of both sides we get:
log(1/2) = log(1 + r)14.9
-0.30103 = 14.9•log(1 + r) then dividing both sides by 14.9 we get:
-0.0202 = log(1 + r) Now, converting to an exponential:
10-0.0202 = (1 + r)
0.95455 = 1 + r
r = 0.95455 - 1
r = -0.0454 or the rate is -4.54%