Register

A boat costs $10,300 and decreases in value by 12% per year. How much will the boat be worth after 11 years?

A boat costs $10,300 and decreases in value by 12% per year. How much will the boat be worth after 11 years?
asked 6.9k views
0 votes
A boat costs $10,300 and decreases in value by 12% per year. How much will the boat be worth after 11 years?

asked
User Mantal
by
8.2k points

1 Answer

5 votes

10300 x (1-0.12)^11

10300 x 0.88^11

10300 x 0.245080858 =

it will be worth : $2524.33

answered
User Freezethrower
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!