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A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years? $19,140.00 $8,916.56 $33,836.96 $10,132.45

A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years? $19,140.00 $8,916.56 $33,836.96 $10,132.45
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5 votes
A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years?

$19,140.00
$8,916.56
$33,836.96
$10,132.45

User Marsia
by
8.6k points

1 Answer

3 votes
The answer is 8,916.56.
This is because 12% of the current price is 2904, times that by 5 years and then subtract the current price by the new number, and you get your answer.
User Etienne Maheu
by
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