The price of a computer component is decreasing at a rate of 15% per year. State whether this decrease is linear or exponential. If the component costs $60 today, what will it cost in three years? Is the decline in price linear or exponential?

Since the price is given by an exponential function, the decline in price is exponential.

The component will cost $36.8475 in three years.

Step-by-step explanation:

The equation for the price of a component has the following format:

In which P(t) is the price after t years, P(0) is the initial price, and r is the rate that the price decreases.

Since the price is given by an exponential function, the decline in price is exponential.

The price of a computer component is decreasing at a rate of 15% per year.

This means that

Component costs $60 today

So P(0) = 60. Then

What will it cost in three years?

This is P(3).

The component will cost $36.8475 in three years.

vertical=18cm horizontal=18cm hypotenuse=25.5

step-by-step explanation: