Answer:
This is an Exponential Decay
Step-by-step explanation:
A = 1200(0.85)⁶
The above expression is an Exponential Decay because 0.85 is less than 1
The formula for Exponential Decay
= y = a (1 - r)^t
We equate both equation together
Where
a = 1200
1 - r = 0.85
t = 6
Solving for r
1 - r = 0.85
r = 1 - 0.85
r = 0.15
Converting to Percentage
r = 15% decay rate
