Answer:
p = 100(1 + 0.24)^n
Explanation:
If this were exponential growth, we'd use the model p = 100(1 + 0.24)^n, where n is the number of years. But here we have exponential decline, which requires subtracting 0.24 in the formula instead of adding it to 1:
p = 100(1 - 0.24)^n = 100(0.76)^n
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