4 years ago

A boat costs $8,350 and decreases in value by 12% per year. How much will the boat be worth after 5 years?

Mathematics

2 answers:

aksik [14]4 years ago

6 0

Answer: $4406.56

Explanation:

12% = 0.12

Price after 5 years = $8350(1 - 0.12)⁵ = $4406.56

Nady [450]4 years ago

5 0

8,350 x 5 = 41,750
41,750 x 0.12 = 5,010.24
41,750 - 5,010.24 = 36,739.76

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