Question

In 2012 William bought a new boat for $28,500 if the value of the boat declined by 8% each year find the value of the boat in 2018

Answer 1

Answer:

$17,281.12

Step-by-step explanation:

28,500 * (.92)^x

x - amount of years after 2012

.92 - 100-8 = 92 which is the percent of the price the previous year

Calculator needed.

28,500 * .92^6

28,500 * ~.60636

17,281.1175383

Round up to 17,281.12