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Question #1: A) Suppose that a radioactive element decays at the rate of 4% per day. Starting with 1000 grams of this element, how much

Question #1:

A) Suppose that a radioactive element decays at the rate of 4% per day.

Starting with 1000 grams of this element, how much will still be radioactive after 4 days?

B) Assume that the value of a new car decays at the rate of 12% per year.

For a car that is sold for $20,000, how much will it be worth after 8 years?

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