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15 October, 11:01

A jet ski depreciateseason at 11% of its original value each year. If the jest ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years?

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  1. 15 October, 11:05
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    Answer: $3,600

    Step-by-step explanation:

    Yearly depreciation is 11% of $8,000, which is $880.

    5 years times $880 = $4,400.

    Original price of $8,000 less depreciation of $4,400 leaves a book value of $3,600.
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