Your parents bought a boat for $60,000. The boat depreciate by 9.3% each yea. When will the boat be worth less than $10,000?

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asked Sep 25, 2023 79.3k views

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FooF · Answer 1 · 2023-09-28T18:34:10+0000

60,000 x 0.093 = 5580
60,000/5580 = 10.7526
= 11
We make our answer 11 because if we put our answer as 10 you will have more than 10,000 and you want to have less than 10,000

Your parents bought a boat for $60,000. The boat depreciate by 9.3% each yea. When will the boat be worth less than $10,000?

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