A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years?
Answers
Answered by
1
9500 X 85/100 = 9500*0.85 after 1 year
after 7 years = 9500 ( 0.85)^7 = $ 3045.48
he mate here is your answer
Similar questions