Bryan purchases a new boat. the expression below represents the value of the boat after x years. 22000(.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.

The formula for the growth rate is given by

Now when b is greater than 1 , then it is increasing function

and when b is less than 1 , then it is decreasing function.

Now in the function

here value of b is 0.88 , which is less than 1 , so it is decreasing function

And decay rate is given by

1-r = 0.88

Subtract 1 from both sides

-r = 0.88-1

-r = -0.12

r = 0.12

or r= 12%

It means it is decreasing at a rate of 12%

Hence Option C is correct

C.The price of the boat decreases by 12% every year.