Answer:
$137.52
Step-by-step explanation:
To solve this we have the following equation
159*(.93)^n
where n is the number of years passed
Whenver we decrease the price by 7% we are essentially multiplying it by .93 which is why this equation works
To start on January 2006 and end at the end of 2007 means about 2 years has passed
This means we can plug in 2 for n
so we have
159*(.93)^2
Put this into your calculator and get 137.52
