21 x 9 = 9 x 21 is the commutative property.
115% is the same as 1.15
some number = x
115% of some number is 120
1.15 of x is 120
1.15 * x = 120

x = 104.3478
x ≈ 104.3
Hope this helps! :)
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)