Hal is asked to write an exponential function to represent the value of a $10,000 investment decreasing at 2% annually. What

multiplicative rate of change should Hal use in his function?

0 0.02

O 0.98

1.02

1.98

0.98

Step-by-step explanation:

The investment starts at $10,000.

$10,000 is 100% of the investment.

In the first year, it loses 2% of its value. That means that after 1 year, the value of 100% of $10,000 is decreased by 2% of $10,000.

100% - 2% = 98%

After the first year, the investment is worth 98% of the original value.

98% as a decimal is 0.98

Answer: 0.98

B) 0.98

Step-by-step explanation:

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