Question: Given the equation, y = 3(0.87)? , where y is the amount of money in thousands in x years, describe what is happening?(1) The amount

Given the equation, y = 3(0.87)? , where y is the

Given the equation, y = 3(0.87)? , 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

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