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Using exponential function concepts, it is found that the common ratio would be given by 0.989.
A decaying exponential function is modeled by:
[tex]A(t) = A(0)(1 - r)^t[/tex]
In which:
In this problem, the amount decays 1.1% a year, hence:
The common ratio would be given by 0.989.
More can be learned about exponential function concepts at https://brainly.com/question/25537936
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