The price of a computer component is decreasing at a rate of 14% per year. State whether this decrease is linear or exponential. If the component costs $40 today, what will it cost in three years? Is the decline in price linear or exponential? What will the component cost in three years?

The price of a computer component is decreasing at a rate of 14% per year. State whether this decrease is linear or exponential. If the component costs $40 today, what will it cost in three years? Is the decline in price linear or exponential? What will the component cost in three years?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4RE: Determine whether Table 1 could represent a function that is linear, exponential, or neither. If it...

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Question

The price of a computer component is decreasing at a rate of 14% per year. State whether this decrease is linear or exponential. If the component costs

$40 today, what will it cost in three years?

Is the decline in price linear or exponential?

What will the component cost in three years?

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