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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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36 votes
36 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.

User IttayD
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1 Answer

22 votes
22 votes

Answer:

25,000 - x(0.07)

Explanation:

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User Micnoy
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