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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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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.

User Al Mills
by
5.1k points

2 Answers

5 votes

Answer:

3,645 per year

Explanation:

10% of 36,450 = 3645

It loses 3,645 every year

User Hunter Mitchell
by
5.3k points
10 votes

Answer:

0.8%

Explanation:

User Miroslav Nedyalkov
by
5.4k points
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