3 years ago

a boat cost $12050 and decreases in value by 12% per year. how much will the boat be worth after 9 years

1 answer:

5 0

Each year the boat is worth 100-12 = 88% ( or 0.88) of the year before

after 12 years the boat is worth 12050 * 0.88^9 = $3813.56

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