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Gnesinka [82]
2 years ago
14

The value of a boat is $23,400. It loses 10% of its value every year. Find the approximate monthly percent decrease in value. Ro

und your answer to the nearest hundredth of a percent.
Mathematics
1 answer:
Brrunno [24]2 years ago
6 0

Answer:

Value of boat = $23,400

Loss of value by boat per year = 8%

To find: -  Monthly percent decrease in value of boat.  

Solution: - Decrease of value per year = 8% of $23,400 = $1,872. Monthly decrease in value = $1,872/12 = $156. Monthly percentage decrease = ($156/$23,400) * 100 = 0.6667 or 0.67 (rounded to nearest hundredth)

Step-by-step explanation:

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