The price of a computer component is decreasing at a rate of 12% per year. State whether this decrease is linear or exponential. If the component costs $110 today, what will it cost in three years?

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06-10-2022
Mathematics

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The price of a computer component is decreasing at a rate of 12% per year. State whether this decrease is linear or exponential. If the component costs $110 today, what will it cost in three years?

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