Answer:
Yes it looks correct but that is just me
Step-by-step explanation:
If the boat initially cost $11850 and INCREASED in value by 10% per year, we'd calculate the final value like this:
V = $11850(1+0.10)^8
But if the boat is losing value (depreciating) over time, we'd calculate its final value like this:
V = $11850(1-0.10)^8 = $11850(0.90)^8 = $11850(0.4305) = $5101.04 (answer)
Answer:
i’m pretty sure the answer is b