Atravel trailer is bought at the price of $35,000. the price decreases at the rate of .25 every year (t). the exponential expression is 35,000(.75)^t. find the price of the trailer at 5 years.

$ 8300 (Approximately)

Step-by-step explanation:

Given:

Initial price of the trailer is,

Rate of decrease per year is,

The time in years is,

The exponential expression for the decrease in price after 't' years is given as:

Plug in all the given values and solve for 'P'. This gives,

Rounding it to the nearest whole number, the price of the travel trailer after 5 years is $ 8,300.