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A boat cost 92,000.00 and depreciates in value by 15% per year . How much will the boat be after 10years

A boat cost 92,000.00 and depreciates in value by 15% per year . How much will the boat be after 10years
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3 votes
A boat cost 92,000.00 and depreciates in value by 15% per year . How much will the boat be after 10years

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User Thorsten Dittmar
by
8.6k points

2 Answers

3 votes
In the ten years it will be worth 18,112.4452
answered
User Rohit Agrawal
by
8.2k points
3 votes
Cost Price of boat = $92000

depreciation rate = 15%
time = 10yrs

Price of boat after 10 years = 92000×(1-0.15)¹⁰ = $18112.44


answered
User GAYTH BACCARI
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7.8k points
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