Question

The function B(t) 17,550(0.88) models the value of a boat. t years after it was purchased. Which statement is true about the value of the boat? A The value of the boat is increasing by 12% each year. B. The value of the boat is increasing by 88% each year. C. The value of the boat is decreasing by 12% each yearD. The value of the boat is decreasing by 88% each year.

Answer 1

Step-by-step explanation:

The function that models the value of the boat is given as:

`B\mleft(t\mright)=17,550\mleft(0.88\mright)^t`

We can rewrite this as:

`B(t)=17,550(1-0.12)^t`

This is in the form of an exponential decay