Sandra bought a boat for $28,800. According to her insurance company the value of the boat depreciates 7% each year. What will the value of the boat be x years after she purchased it?

We have been given that Sandra bought a boat for $28,800. According to her insurance company the value of the boat depreciates 7% each year. We are asked to find the value of the boat x years after Sandra purchased it.

We will use exponential decay formula to solve our given problem.

An exponential decay function is in form , where,

y = Final amount,

a = Initial amount,

r = Decay rate in decimal form,

x = Time.

Let us convert 7% into decimal form.

Initial value of car is $28,800, so our function will be:

Therefore, the value of boat after x years would be .

step-by-step explanation:

wrgasadvauoyfaiua-00uhf