price of a computer component is decreasing at a rate of 10% per year. State whether this decrease is linear or exponential. If the component costs $120 today, what will it cost in three s the decline in price linear or exponential? 2 exponential 2 linear What will the component cost in three years? Round to the nearest cent as needed.) ----

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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The price of a computer component is decreasing at a rate of 10% per year. State whether this decrease is linear or exponential. If the component costs $120 today, what will it cost in three years?
Is the decline in price linear or exponential?
O exponential
O linear
What will the component cost in three years?
$
(Round to the nearest cent as needed.)
O
Transcribed Image Text:The price of a computer component is decreasing at a rate of 10% per year. State whether this decrease is linear or exponential. If the component costs $120 today, what will it cost in three years? Is the decline in price linear or exponential? O exponential O linear What will the component cost in three years? $ (Round to the nearest cent as needed.) O
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