A boat depreciates 12.75% per year. If the boat is purchased for $7500, what is the equation of the exponential equation? How mu

Question

vovangra [49]

3 years ago

5

A boat depreciates 12.75% per year. If the boat is purchased for $7500, what is the equation of the exponential equation? How mu

ch will the boat be worth in 6 years?

Mathematics

1 answer:

allochka39001 [22] · Answer 1 · 2022-08-13T20:25:50+03:00

allochka39001 [22]3 years ago

3 0

The price of the boat in 6 years will be $(0.8725)^{6}*$7500=$3308.67$ (12,75%=0.1275 - the <span>reduction factor of boat value;</span> after each year the price will decrease in 0.8725 times and after six years will decrease in $0.8725^{6}$ times)