Mathematics
Brendens
14

A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years?

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(1) Answers
Eloyred31

Find 10% of $19,200 = 1,920 Find 2% of $1,920 = 384 12% = $2,304 19,200 - 2,304 = 16,896 (year 1) Repeat this until you have your 5th year :)

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