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A boat costs $12,050 and decreases in value by 12% per year. How much will the bout be worth after 9 Years

A boat costs $12,050 and decreases in value by 12% per year. How much will the bout be worth after 9 Years
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A boat costs $12,050 and decreases in value by 12% per year. How much will the bout be worth after 9 Years

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User Mathi
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1 Answer

4 votes
Value of the boat after 9 years= 12050*(1-0.12)^9
=$3814(correct to nearest integer)
answered
User Stuart Robson
by
7.6k points
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