A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years?
$3,045.48
$7,269.91
$8,075.00
$25,270.19
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Home » Mathematics » A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years? $3,045.48 $7,269.91 $8,075.00 $25,270.19