Given the equation, y = 3(0.87)ˣ , where y is the amount of

Last updated: 8/4/2022

Given the equation, y = 3(0.87)ˣ , where y is the amount of money in thousands in x years, describe what is happening? (1) The amount of money is decreasing at a rate of 87 per year (2) The amount of money is decreasing at a rate of 13% per year (3) The amount of money is decreasing at a rate of 13 per year (4) The amount of money is decreasing at a rate of 87% per year