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

Answer :

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.