You bought a used boat for $25,000. The value of the boat will decrease each year because of depreciation. The boat depreciates at the rate of 7% per year. Write the exponential model.

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asked Mar 4, 2023 200k views

16 votes

You bought a used boat for $25,000. The value of the boat will decrease each year because of

depreciation. The boat depreciates at the rate of 7% per year.

Write the exponential model.

Mathematics
high-school

Richard Herron asked

by Richard Herron

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1 Answer

11 votes

Answer:

25,000 - x(0.07)

Explanation:

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Aprille answered Mar 11, 2023

by Aprille

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