Answer :
The maximum value of allowable emissions in the year 2031 is equal to 3,502.
How to calculate the maximum value?
In order to determine the maximum value of allowable emissions in the year 2031, we would use an exponential function which also relates to compound interest as follows:
A = P(1 - r)^t
For the time, we have:
Time, t = 2031 - 2022
Time, t = 9
Substituting the given parameters into the formula, we have;
A = 4,200(1 - 0.02)^9
A = 4,200(0.98)^9
A = 4,200 × 0.8338
A = 3501.7 ≈ 3,502.
Read more on exponential functions here: https://brainly.com/question/27866047
#SPJ1