Today, a boat is valued at $45,000. the value is expected to decrease at a rate of 8.5% each year. what is the value of the boat expected to be 3 years from now? a.) 33,546.76 b.) 35,475.65 c.) 34,472.74 d.) 34,364.67

Current value of the boat = $45000

Rate at which the value decrease = 8.5%

So the value after 1 year will be =

Hence, value becomes =

After 2 years value will be =

Hence, value becomes=

After 3 years the value becomes =

Hence, value becomes=

Hence the answer is option C = $34472.74

where are the images of the functions i can only see the question you typed.

step-by-step explanation:

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