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Statistics Canada has been tracking the number of farms in Alberta. In 2011, there were 43 234 farms. Since that time, the number of farms has decreased at an average rate of 1.2% per year.

 

State an exponential equation that could be used to model the number of farms, F, in Alberta, t years after 2011.

 May 26, 2021
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F = 43 234 ( 1 - .012)t

 May 26, 2021

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