Answer: $2193
Step-by-step explanation:
v(x) = 32,500[tex](.92)^{x}[/tex]
Plug two and three in for x
v(2) = 32,500[tex](.92)^{2}[/tex]
v(2) = 32,500(.8464)
v(2) = 27,500
v(3) = 32,500[tex](.92)^{3}[/tex]
v(3) = 32,500(.778688)
v(3) = 25,307.36
Subtract v(3) from v(2)
27,500 - 25,307.36 = 2192.64
Round to the nearest dollar to get $2193