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19 December, 09:42

A boat costs $12,050 and decreases in value by 12% per year. How much will the boat be worth after 9 years?

A $33,415.60

B $3,813.56

C $11,942.00

D $3,355.94

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Answers (1)
  1. 19 December, 09:57
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    B $3,813.56 is the correct answer

    1 year = $10,604

    2 years = $9,331.52

    3 years = $8,211.74

    4 years = $7,226.33

    5 years = $6,359.17

    6 years = $5,596.07

    7 years = $4,924.54

    8 years = $4,333.60

    9 years = $3,813.56
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