The value of a boat is $36,450. It loses 10% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

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asked May 1, 2022 230k views

5 votes

The value of a boat is $36,450. It loses 10% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

Mathematics
high-school

Al Mills asked

by Al Mills

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2 Answers

5 votes

Answer:

3,645 per year

Explanation:

10% of 36,450 = 3645

It loses 3,645 every year

Hunter Mitchell answered May 2, 2022

by Hunter Mitchell

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10 votes

Answer:

0.8%

Explanation:

Miroslav Nedyalkov answered May 5, 2022

by Miroslav Nedyalkov

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