Acoat costs $16,600 and decreases in value by 14% per year. how much will the boat be worth after 11 years? a.) $3,159.30 b.) $16,446.00 c.) $70,155.46 d.) $2,717.00

A.) $3,159.30

Step-by-step explanation:

We have been given that a boat costs $16,600 and decreases in value by 14% per year.

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

, where,

y = Final amount,

A = Initial value,

r = Decay rate in decimal form.

Therefore, the value of boat after 11 years would be $3159.30 and option A is the correct choice.