The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Rou
2 answers:
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Answer:
Step-by-step explanation:
First, notice that:
We proceed to use the chain rule to find using the fact that
to find their derivatives:
Because we know then:
We substitute in what we had:
Now we put in the values in the formula:
Because of what we supposed:
And we operate to discover that:
and this will be our answer