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Answer :
The value of the travel trailer after 5 years is $8306 .
in the question ,
it is given that
the price of the travel trailer(a) = $35000
rate of decrease(r) = 0.25
time (x) = 5 years
The exponential expression for the decrease in price after x years is given by the formula
price = a(1-r)ˣ
where, a is the initial amount ,
r is the decay rate ,
x is the time period .
Substituting the values from above in the formula ,
we get
price = 35000(1-0.25)⁵
= 35000(0.75)⁵
= 8305.664
≈8306
Therefore , the value of the travel trailer after 5 years is $8306 .
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