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Vladimir79 [104]
2 years ago
5

a boat cost 12,050 and decreases in value by 12% per year. How much will the boat be worth after 9 years

Mathematics
1 answer:
Eduardwww [97]2 years ago
5 0
Given:
Cost = 12,050
depreciation rate = 12%

<span> <span> </span><span><span> year   beginning value      dep.rate    depreciation  ending value
</span> <span> 1 <span>        12,050.00               </span>12% <span>         1,446.00 </span> <span>   10,604.00
</span> </span> <span> 2 <span>        10,604.00               </span>12% <span>         1,272.48 </span> <span>     9,331.52
</span> </span> <span> 3 <span>          9,331.52               </span>12% <span>         1,119.78 </span> <span>     8,211.74
</span> </span> <span> 4 <span>          8,211.74               </span>12% <span>            985.41 </span> <span>     7,226.33
</span> </span> <span> 5 <span>          7,226.33               </span>12% <span>            867.16 </span> <span>     6,359.17
</span> </span> <span> 6 <span>          6,359.17               </span>12% <span>            763.10 </span> <span>     5,596.07
</span> </span> <span> 7 <span>          5,596.07               </span>12% <span>            671.53 </span> <span>     4,924.54
</span> </span> <span> 8 <span>          4,924.54               </span>12% <span>            590.94 </span> <span>     4,333.60
</span> </span> <span> 9 <span>          4,333.60               </span>12% <span>            520.03 </span> <span>     3,813.56

The boat will be worth $3,813.56 after 9 years.

Depreciation = beginning cost x depreciation rate
Ending cost = beginning cost - depreciation

Depreciation is the wear and tear of an object that decreases its value.</span></span></span></span>
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