Question

You bought a Boston Whaler in 2004 for $12,500. The boat's value depreciates by 7% a

year. How much is the boat worth in 2012?

Answer 1

?

Explanation:

What’s the answer??

Answer 2

$12,385.71

Explanation:

2012-2004=8

8/0.07=114.29

12500-114.29=12385.71