Answer:
p = 100(1 + 0.24)^n
Step-by-step explanation:
If this were exponential growth, we'd use the model p = 100(1 + 0.24)^n, where n is the number of years. But here we have exponential decline, which requires subtracting 0.24 in the formula instead of adding it to 1:
p = 100(1 - 0.24)^n = 100(0.76)^n
Next time, please share the given answer choices. Thanks.
