An event management company purchases a new van. The value of the van, x years after the purchase, is shown in the table. Time (years) 0 1 2 3
Value (dollars) 20,000 18,000 16,200 14,580

Which statement is true?

A.
The situation can be modeled by an exponential growth function with a percent change of 11%.
B.
The situation can be modeled by an exponential growth function with a percent change of 10%.
C.
The situation can be modeled by an exponential decay function with a percent change of -10%.
D.
The situation can be modeled by an exponential decay function with a percent change of -11%.