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31 August, 17:57

Q.

A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?

A) $2,957.04 B) $5,884.00 C) $2,992.96 D) $5,178.97

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  1. 31 August, 18:06
    0
    A: $2,957.04

    Step-by-step explanation:

    Use the formula a (1-r) ^x

    Plug in your values:

    5,950 (1-0.11) ^6

    Your answer should be 2957.038681

    Round it to 2,957.04
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