A boat costs $14,000 and decreases in value by 5% per year. How much will the boat be worth after 3 years?
1 answer:
Answer:
$12,003.25.
Step-by-step explanation:
The boat's values after each year is $14,000 * (100-5)%, so
the equation is A = 14000(0.95)^3
= $12,003.25.
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