a boat is purchased for 24,000 and depreciates at a rate of 13.5 each year. What will be the approximate worth of the boat in 5 years

asked Jun 13, 2023 135k views

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12 votes

Answer:

Explanation:

price after 5 years

$=24000(1-(13.5)/(100) )^5\\=24000(1-0.135)^5\\=24000(0.865)^5\\\approx 11622.29$

i assumed 13.5%

Carmi answered Jun 17, 2023

by Carmi

7.8k points

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