A boat is worth $10,000 when it is 5 years old and $4,000 when it is 8 years old. What is the rate of depreciation? PLEASE ANSWER ASAP • $2,500 • $1,500 • $1,000 • $ 2,000

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Sara asked Mar 1, 2023

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A boat is worth $10,000 when it is 5 years old and $4,000 when it is 8 years old. What is the rate of depreciation? PLEASE ANSWER ASAP

• $2,500
• $1,500
• $1,000
• $ 2,000

Mathematics
high-school

Sara asked Mar 1, 2023

by Sara

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Answer:

$2,000

Explanation:

10,000-4,000=6,000

8-5=3

The value decreased 6,000 over the course of 3 years

6,000/3=2000

The value decreased by 2,000 per year.

SINGULARITY answered Mar 7, 2023

by SINGULARITY

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