A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years? a. $11,770.00 b. $25,401.53 c. $5,101.04 d. $4,590.93

2 answers
Question:

A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years?
a. $11,770.00
b. $25,401.53
c. $5,101.04
d. $4,590.93

Answers

A=11,850×(1−0.10)^(8)A=5,101.04

the answer is C) 5,101.04

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