Mathematics, 24.03.2021 21:00 jdkrisdaimcc11

Exponential Growth and Decay: In 2013, a family bought a boat for $4000. The boat depreciates at a rate of 7% annually. In 2016, a person offered to buy the boat for $3000. Should the family sell the boat?
Explain.

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Exponential Growth and Decay: In 2013, a family bought a boat for $4000. The boat depreciates at a rate of 7% annually. In 2016, a person offered to buy the boat for $3000. Should the family sell the boat? Explain.

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Another question on Mathematics

Exponential Growth and Decay: In 2013, a family bought a boat for $4000. The boat depreciates at a rate of 7% annually. In 2016, a person offered to buy the boat for $3000. Should the family sell the boat?
Explain.