Henry buys a yacht for 150 000 euros, the yacht depreciates in value by 18% each year. Work out the value of the yacht at the end of 3 years.
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Step-by-step explanation:
Henry buys a yacht = 150 000 euros
Depreciates in value = 18 %
After 3 years ago = 18 +18+18
=54
Now , solving the equation
= 54% × 150 000
Ans = 81 000 euros
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