Salem has a population of 15,000 and depreciates at a rate of 8% per year. What is the exponential equation? Depreciation

  • P = 15,000(-.92)t
  • P=15,000(1.08)t
  • P=15,000(0.92)t
  • P=15,000(.08)t
Answer: P=15,000(0.92)t
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