A boat costs 19200 and decreases in value by 12% per year. how much will it cost in 5 years

asked Apr 25, 2020 19.2k views

4 votes

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4 votes

Answer:

7,680

Explanation:

I did 12% x 5 years and got 60

Then I decreased 19,200 by 60% to get 7,680

Hope this helps!

Sbking answered Apr 26, 2020

7.2k points

5 votes

So 19200(1-0.12)^5= 19200(0.88)^5 = 10132

0.12 is from 12%. 12/100 = 0.12

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