Writing and Applying Exponential Equations 2) Use the given exponential equation to answer the question. Grace bought a new computer for $2,100. The value of the computer decreases by 11% each year. What will the value of the computer be after 7 years? y = 2100(0.89)X Abe and Libby just moved to Hopkins. The current population is about 18,000 and is increasing by 3.66% each year. What will the population be if they stay for 3 years? y = 18000(1.0366)X

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