The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Rou
nd your answer to the nearest hundredth of a percent.
(NOT 67%)
2 answers:
Its not 67%
It is 0.666666667
23400 x 8/100 = 1872 = the loss
1872 : 12 = 156= the loss each month
156/1872*100% = 8,33 % then round it
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