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Problem:

The volume of a gas in a container has been decreasing exponentially. Over the course of 5 hours the volume has decreased 40%.

Required:

Question 1: Calculate the continous percentage rate at which the volume is decreasing, stated as a percentage accurate to two decimal places and labeled as a rate.

Question 2: Determine how long it will take for the volume to decrease by 60%, accurate to 2 decimal places.

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149285

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