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Mathematics

Answered

A boat costs $14,000 and decreases in value by 5% per year. How much will the boat be worth after 3 years?

Answer :

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Answer:

$12,003.25.

Step-by-step explanation:

The boat's values after each year is $14,000 * (100-5)%, so

the equation is A = 14000(0.95)^3

= $12,003.25.

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