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A boat that costs $8550 decreases in value by 12% per year. How much will the boat be worth after 3 years?
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A boat that costs $8550 decreases in value by 12% per year. How much will the boat be worth after 3 years?

User Abdoulaye
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1 Answer

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You have to take $8,550 times 0.12 (12%) to find out the number it is being decreased by.
8,550 x 0.12 = 1,026
And then, you have to subtract 1,026 from 8,550 three times for three years and your answer becomes 5,472.
$5,472
User Jchanger
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