Question

A boat costs $12,100 and decreases in value by 5% per year. How much will the boat be

worth after 4 years?

Please show work!

Answer 1

Answer: 2420

Explanation:

So, 5 percent each year so multiply 5x4 and get 20

Then you multiply 20 and 12,100 and get 242000 then divide that by 100

Giving you 2420

So, the boat is now worth 2420.