Which statement(s) can be interpreted from the equation for an automobile cost, C(t)= 28,000(0.73) *where C(t) represents the costand t represents the time in years?Select all correct statements.A. $28,000 represents the initial cost of an automobile that appreciates 73% per year over the course of t years.B. The equation is an exponential decay equation.OC. The equation is an exponential growth equation.D. $28,000 represents the initial cost of an automobile that depreciates 27% per year over the course of t years.E. The equation is neither exponential decay nor exponential growthF. $28,000 represents the initial cost of an automobile that appreciates 27% per year over the course of years.OG $28,000 represents the initial cost of an automobile that depreciates 73% per year over the course of t years.