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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?

A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years?
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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?

User Saulo Joab
by
7.6k points

1 Answer

5 votes
I = Prt
I = ($19,200)(12%)(5)
I = $11,520

The boat would cost $11,520 in 5 years.
User Colintheshots
by
7.9k points
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