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Mathematics, 15.02.2020 00:58 brittsterrr

Greece is currently experiencing a financial crisis.
a. Research the financial crisis in Greece and summarize it in one-two
paragraphs.
b. You are in charge. By what percentage will you tell Greece to cut their
spending? What is the decay factor?
c. Write a function modeling this debt situation if the initial debt in 2009 was
$500 billion and using the decay factor found in (b). Let y be measured in
billions of dollar and x represent the number of years since 2009.
d. When will Greece be debt-free if you are in charge? Should you reconsider
your answer to (b)?

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