Question

Value of the boat after 3 years?

Answer 1

$10,863.95

Explanation:

y = 19,000
`(.83)^(t)`

y = 19,000
`(.83)^(3)`

y =$10,863.95

Answer 2

after each year it's 83% of it's value from last year (100%-17%=83%)

the function in 19000 * (0.83) ^x

3 will be filled in for x

19000 * (0.83) ^3= 10863.953

$10863.95