A boat purchased for $25,000 depreciates exponentially. After one year, the car is valued at $20,000. How fast is the value of the boat depreciating after two years?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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A boat purchased for $25,000 depreciates exponentially. After one year, the car is valued at $20,000.
How fast is the value of the boat depreciating after two years?
Decrease $8001 per year
O Increase $8001 per year
O Decrease $3730 per year
Increase $3730 per year
Transcribed Image Text:A boat purchased for $25,000 depreciates exponentially. After one year, the car is valued at $20,000. How fast is the value of the boat depreciating after two years? Decrease $8001 per year O Increase $8001 per year O Decrease $3730 per year Increase $3730 per year
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