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The formula for exponential decay is
where a is the initial value (28750)
r is the rate of decrease (0.12)
x is the time, in this case in years (6 . 2018-2012 = 6 years)
<span>y </span>≈ <span>13351.62</span>
where a is the initial value (28750)
r is the rate of decrease (0.12)
x is the time, in this case in years (6 . 2018-2012 = 6 years)
<span>y </span>≈ <span>13351.62</span>