3 years ago

The value of a boat is depreciating at a rate of 7% per year. In 2004 the boat was worth $180,000. Whats the value in 2009?

Mathematics

1 answer:

ankoles [38]3 years ago

7 0

Answer:

$117,000

Step-by-step explanation:

-0% 2004

-7% 2005

-14% 2006

-21% 2007

-28% 2008

-35% 2009

180,000 x 0.35 (35%) = 63,000

180,000 - 63,000 = 117,000

$117,000

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The value of a boat is depreciating at a rate of 7% per year. In 2004 the boat was worth $180,000. Whats the value in 2009?​

The value of a boat is depreciating at a rate of 7% per year. In 2004 the boat was worth $180,000. Whats the value in 2009?