Question

the value of a yatch went up by 78% in the first year, it then .went up by 34% in the second year, it fell by 12% in the third year. what is the value of the yatch in respect to the original price?​

Answer 1

The value of the yacht in respect to the original price is 2.1052P.

Step-by-step explanation:

To find the value of the yacht in respect to the original price, we need to apply the percentage changes to the original price. Let's assume the original price is represented by P.

First, the value of the yacht increases by 78% in the first year, so the price becomes (P + 0.78P) = 1.78P.

In the second year, the value increases by 34%, so the price becomes (1.78P + 0.34*1.78P) = 2.39P.

In the third year, the value decreases by 12%, so the price becomes (2.39P - 0.12*2.39P) = 2.1052P.

Therefore, the value of the yacht in respect to the original price is 2.1052P.