Question

HELP!!!! Bryan punches a new boat the expression below represents the value of the boat after x years. 22,000(0.88)^(x+2) which statement is true?

A. The price of the boat decreases by 88% every year
B. The price of the boat increases by 88% every year
C. The price of the boat decreases by 12% every year
D. The price of the boat increases by 12% every year

Answer 1

For this case we have an equation of the form:

`y = A * (b) ^ x`
Where,
A: initial amount
x: number of years
b: rate of change
We then have the following equation:

`22,000 (0.88)^((x + 2))`
We note that the value of the pot decreases the following amount:

`(1-0.88) * (100) = 12%`
Answer:
C. The price of the boat decreases by 12% every year