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Answer :
We start with the equation
[tex]$$
p = 10000(1.04)^{-t}.
$$[/tex]
Because the exponent is negative, we can rewrite the expression as
[tex]$$
(1.04)^{-t} = \left(\frac{1}{1.04}\right)^t.
$$[/tex]
Next, notice that
[tex]$$
1.04 = \frac{26}{25}.
$$[/tex]
Taking the reciprocal of [tex]$\frac{26}{25}$[/tex] yields
[tex]$$
\frac{1}{1.04} = \frac{1}{\frac{26}{25}} = \frac{25}{26}.
$$[/tex]
Substituting this back into our equation for [tex]$p$[/tex], we have
[tex]$$
p = 10000 \left(\frac{25}{26}\right)^t.
$$[/tex]
Thus, the equivalent expression is
[tex]$$
p = 10000 \left(\frac{25}{26}\right)^t,
$$[/tex]
which corresponds to the second option.
[tex]$$
p = 10000(1.04)^{-t}.
$$[/tex]
Because the exponent is negative, we can rewrite the expression as
[tex]$$
(1.04)^{-t} = \left(\frac{1}{1.04}\right)^t.
$$[/tex]
Next, notice that
[tex]$$
1.04 = \frac{26}{25}.
$$[/tex]
Taking the reciprocal of [tex]$\frac{26}{25}$[/tex] yields
[tex]$$
\frac{1}{1.04} = \frac{1}{\frac{26}{25}} = \frac{25}{26}.
$$[/tex]
Substituting this back into our equation for [tex]$p$[/tex], we have
[tex]$$
p = 10000 \left(\frac{25}{26}\right)^t.
$$[/tex]
Thus, the equivalent expression is
[tex]$$
p = 10000 \left(\frac{25}{26}\right)^t,
$$[/tex]
which corresponds to the second option.
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