Economy, asked by Reman9070, 1 year ago

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 Pranjalsingh64
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

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