A sailboat depreciates at 15% of its original value each year. If the sailboat was $9500 at its time of purchase, what is the va
2 answers:
Answer: After 7 years, the value of the sailboat is $3045.49.
Step-by-step explanation:
Since we have given that
Original value of the sailboat = $9500
Depreciation rate = 15%
Number of years = 7
As we know the formula for "Compound Interest "i.e
where,
A denotes Amount
P denotes original value
r denotes rate of depreciation,
n denotes number of years.
So, our equation becomes ,
Hence, after 7 years, the value of the sailboat is $3045.49.
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To find the median when we have two values in the middle, we must add them, then divide by two.
6 + 6 = 12
12 ÷ 2 = 6
So, the median for this data set is 6.
Then, we start by crossing off one value on each side of the data to work our way towards the middle. Once we come to the middle, we see that there are two values in the middle: 6 and 6.
To find the median when we have two values in the middle, we must add them, then divide by two.
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So, the median for this data set is 6.