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SET A - LEVEL 3: PROBLEM SOLVING Question & Answer Key Resources SAT Questions Jaya Mathematics

SAT Questions Jaya Mathematics SET A - LEVEL 3: PROBLEM SOLVING

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A corporate note worth $1200 was purchased at the beginning of the year and since then it has lost 12% of its value each month. The equation \(A=1200(r)^t \) can be used to model the value, A, of the note t months from the beginning of the year.

What is the value of \(r\) in the expression?

Resource: Question

Question Type: Numeric Answer

Standard(s):HSA.REI.B.3

Standard Description: Solve linear equations and inequalities in one variable, including equations with coefficients represented by letters

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