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A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years? a. $11,770.00 b. $25,401.53 c. $5,101.04 d. $4,590.93

A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years? a. $11,770.00 b. $25,401.53 c. $5,101.04 d. $4,590.93
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4 votes
A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years?

a. $11,770.00
b. $25,401.53
c. $5,101.04
d. $4,590.93

asked
User Chatzich
by
7.7k points

2 Answers

6 votes
A=11,850×(1−0.10)^(8)
A=5,101.04
answered
User Necronomicron
by
8.6k points
4 votes
the answer is C) 5,101.04
answered
User Zarej
by
7.7k points
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