briwiseman briwiseman

12-07-2018
Mathematics

contestada

a boat cost $12,500, and decreases in value by 12% per year. How much will the boat be worth after 9 years

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enzosantos09 enzosantos09

12-07-2018

The boat in 9 years will cost about $3,955.98
check my math if i'm wrong, equation is
f(x)= a(1-r)^t
a is initial amount
r is rate of decrease

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