Answer: After 7 years, the value of the sailboat is $3045.49.
Step-by-step explanation:
Since we have given that
Original value of the sailboat = $9500
Depreciation rate = 15%
Number of years = 7
As we know the formula for "Compound Interest "i.e

where,
A denotes Amount
P denotes original value
r denotes rate of depreciation,
n denotes number of years.
So, our equation becomes ,

Hence, after 7 years, the value of the sailboat is $3045.49.
Let's consider the first number to be
and the second number to be
. Based on the information in the problem, we can create the following equations:


Now, we can solve the equations through systems of equations. One way of doing this is by multiplying one of the equations so that there is a term in both equations which can be removed by addition or subtraction. In our case, we can multiply the entire first equation by 2 to get:
![2f + 4s = 2/tex][tex]2f + s = 14](https://tex.z-dn.net/?f=2f%20%2B%204s%20%3D%202%2Ftex%5D%3C%2Fp%3E%3Cp%3E%5Btex%5D2f%20%2B%20s%20%3D%2014)
Now, subtract
from both equations to get:


Now that we have found
, "plug" it back into an equation to find
:



Our answers are s = -4 and f = 9.
Answer:
1 . 2 dots
Hope that helps a bit Stay Safe ️️
Draw a circle chart, then try to map out the answer. I cant make a virtual one