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RideAnS [48]
3 years ago
12

A boat cost $16,500 and decreases in value by 13% per year how much will the boat be worth after eight years?

Mathematics
1 answer:
sergeinik [125]3 years ago
5 0

Answer:

$5,415.49

Step-by-step explanation:

Cost of the boat = $16,500

Decrease in value per year = 13%

Worth of the boat in 8 years = ?

Remaining value = 100% - 13%

= 87%

Worth of the boat in 8 years = cost of the boat × remaining value^8

= $16,500 × 87%^8

= $16,500 × 87/100^8

= $16,500 × 0.87^8

= $16,500 × 0.3282116715437121

= $5,415.49

The worth of the boat after 8 years = $5,415.49

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