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An item increases or decreases in value exponentially at a constant rate. If the initial value of the
item is $1000 and 2 years later it is worth $902.50, what is the percent increase or decrease in its
value?
A. Increase of 20%
B. Increase of 5%
C. Decrease of 20%
D. Decrease of 5%

Answer :

Answer:

d - decrease of 5%

Step-by-step explanation:

20% of 1000 is 200, and it didn't go down by 200, so 5% is the most reasonable answer

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