Subscriptions to a popular newspaper have gone down by a consistent percentage each year and can be modeled by the function y=42,000(0.96)t𝑦=42,000(0.96)𝑡. What does the value 42,00042,000 represent in the function?
Question
Subscriptions to a popular newspaper have gone down by a consistent percentage each year and can be modeled by the function y=42,000(0.96)t𝑦=42,000(0.96)𝑡. What does the value 42,00042,000 represent in the function?
Solution
The value 42,000 in the function represents the initial number of subscriptions to the newspaper. This is the starting point, or the number of subscriptions at time t=0.
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