Adriadri123 Adriadri123

20-07-2018
Mathematics

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A boat costs $19,200 and decreases in value by 18%. How much will the boat be worth after 5 years

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altavistard altavistard

20-07-2018

You need to be more specific: Is that 18% over 5 years or is it 18% per year for 5 years?

If over 5 years, then the value after 5 years would be (1.00-0.18)($19,200), or

$15,744.

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