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iren [92.7K]
3 years ago
14

A boat costs 16,000 and decreases in value by 14% per year. How much will the boat be worth after 11 years?

Mathematics
1 answer:
elixir [45]3 years ago
4 0

<u>Answer</u>

    = 3,045.10

<u>Explanation</u>

A = P(1 - 14/100)ⁿ

A = 16,000(1-0.14)¹¹

    = 16,000 × 0.86¹¹

    = 16,000 × 0.190319

<em>     = 3,045.109725</em>

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