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Sales of a​ product, under relatively stable market conditions but in the absence of promotional activities...

Sales of a​ product, under relatively stable market conditions but in the absence of promotional activities such as​ advertising, tend to decline at a constant yearly rate. This rate of sales decline varies considerably from product to​ product but seems to remain the same for any particular product. The sales decline can be expressed by the function defined by the next formula. S(t)=S0e−at In this formula​ S(t) is the rate of sales at time t measured in​ years, S0 is the rate of sales at time t=0 and a is the sales decay constant. If a=0.07 and S0=100,000​, find the number of years it will take for sales to fall to half the initial sales.

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Q. Given: -at S(t)- So e s(t) is rate of sales at time t So is initial sale a is sales decay constant t is time in years a=0.

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