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barxatty [35]
3 years ago
5

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

Mathematics
1 answer:
sweet [91]3 years ago
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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