A boat costs $15.500 and decreases in value by 10% per year. How much will the beat be worth after 5 years?

asked Jul 9, 2021 55.0k views

3 votes

A boat costs $15.500 and decreases in value by

10% per year. How much will the beat be worth
after 5 years?

by Ndd

7.4k points

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6 votes

Answer:

$7,750

Explanation:

10% of 15,500 is 1,550 and 1,550 x 5 years = 7,750 and 15,500 - 7,750 = 7,750

7.7k points

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