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A used boat was purchased for $15,000 this year. Each year the boat value decreases 11.5%.
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A used boat was purchased for $15,000 this year. Each year the boat value decreases 11.5%.

User Denis SkS
by
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2 Answers

6 votes


15000 - 11.5 = 4785
User Kateroh
by
7.8k points
4 votes

Answer:

y = 15000(0.885)^t

Explanation:

y = 15000(1-0.115)^t

y = 15000(0.885)^t

User Manish Ahire
by
7.3k points
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