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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IttayD asked Mar 3, 2023

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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.

Mathematics
high-school

IttayD asked Mar 3, 2023

by IttayD

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1 Answer

22 votes

Answer:

25,000 - x(0.07)

Explanation:

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Micnoy answered Mar 8, 2023

by Micnoy

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