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Viefleur [7K]
3 years ago
12

The value of a boat is depreciating at a rate of 7% per year. In 2006, the boat was worth $17,300. Find the value of the boat in

2011. Enter the exponential decay function for this situation.
The exponential decay function is y = .

In 2011 the boat will be worth $ .
Mathematics
1 answer:
gtnhenbr [62]3 years ago
5 0

Answer:

Step-by-step explanation:

V=Ar^t\\ \\ V=17300((100-7)/100)^t\\ V=17300(0.93)^{(y-2006)}\\ V(2011)=17300(0.93)^{(2012-2006)}=\$ 11192.29

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