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Question
julie collects antiques. she bought one antique for $300. its current value is represented by the expression 300(0.75)^t, where t is the number of years julie has owned the antique. is julie’s antique going up or down in value? julie’s antique is going in value.
Step1: Identify decay/growth factor
The expression is $300(0.75)^t$, where the base of the exponent is $0.75$.
Step2: Compare factor to 1
Since $0 < 0.75 < 1$, this is an exponential decay model, meaning the value decreases over time.
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