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A boat cost $11,800 and decreases in value by 10% per year. How much will the boat be worth after 8 years?

A boat cost $11,800 and decreases in value by 10% per year. How much will the boat be worth after 8 years?
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A boat cost $11,800 and decreases in value by 10% per year. How much will the boat be worth after 8 years?

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User Danny Connell
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8.5k points

1 Answer

3 votes
10%= .10
.10(11,800)= 1,180
1,180(8)= 9,440
11,800- 9,440= 2,360
= $2,360

I hope this helped.
answered
User Mttr
by
7.9k points
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