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24 April, 14:51

A boat costs $16,600 and decreases in value by 14% per year. How much will the boat be worth after 11 years?

A.$2,717.00

B.$3,159.30

C.$16,446.00

D.$70,155.46

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Answers (1)
  1. 24 April, 15:05
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    16600 (1-.14) ^11

    =16600*.86^11

    =16600*.19031935784

    = B. $3159.30
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