Algebra-2

Question Analysis
This problem assesses the understanding of exponential decay in a real-world context, specifically with depreciation.

Key Concept Explanation
Exponential decay models a quantity that decreases by a fixed percentage over each equal time period. The general model is , where:
: The quantity after time periods;
: The initial quantity;
: The periodic decay rate (in decimal, negative for decay);
: The number of time periods.

Step-by-step Solution
1. Identify the given values: , , and .
2. Substitute these values into t...