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jenna1chase jenna1chase
  • 14-02-2017
  • Mathematics
Answered

A boat cost 92,000.00 and depreciates in value by 15% per year . How much will the boat be after 10years

Verified Answer :

Reyesthe4th
Reyesthe4th Reyesthe4th
  • 14-02-2017

In the ten years it will be worth 18,112.4452

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Anonymous Anonymous
  • 14-02-2017

Cost Price of boat = $92000

depreciation rate = 15%
time = 10yrs

Price of boat after 10 years = 92000×(1-0.15)¹⁰ = $18112.44


Answer Link

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