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

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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
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