Let the price = P , the years = x , depreciation rate = d<span> and original cost = W
</span>∴
when W = 25,000 , d = %8 = 0.08 and x =7
∴
P = 13,946.165 ≈ 13,946 to the nearest dollar
The price <span>after 7 years = $13,946</span>
Answer:
exponential
Step-by-step explanation:
This is exponential because each time the y value is being multiplied by 5 (consistent ratio)