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3 years ago

A boat costs $11850 and decreases in value by 10% per year how much will the boat be worth after 8 years

Mathematics

2 answers:

Galina-37 [17]3 years ago

8 0

Answer: the boatf will be worth $5101 after 8 years.

A decrease of 10% is equivalent to multiplying the current value by 0.9.

Every year the value gets multiplied so we get an exponential function in years:

value after y years = $V\cdot0.9\cdot0.9\cdot\cdot\cdot0.9=V\cdot0.9^y$

value after 8 years = $\$11850\cdot0.9^8=\$11850\cdot0.43\approx \$5101$

ziro4ka [17]3 years ago

4 0

Answer:

Step-by-step explanation:

Keep subtracting 10 %

U will get 5101 approx.

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