point$($s$)$ possible

The price of a computer component is decreasing at a rate of $15\%$ per year. State whether this decrease is linear or exponential. If the component costs $$70$ today, what will it cost in three years?

Is the decline in price linear or exponential?

exponential

linear

What will the component cost in three years?

s

$($Round to the nearest cent as needed.$)$