kfinmcd16 kfinmcd16

15-05-2021
Mathematics

contestada

The value of a boat is depreciating at a rate of 7% per year. In 2004 the boat was worth $180,000. Whats the value in 2009?

Respuesta :

15-05-2021

Answer:

$117,000

Step-by-step explanation:

-0% 2004

-7% 2005

-14% 2006

-21% 2007

-28% 2008

-35% 2009

180,000 x 0.35 (35%) = 63,000

180,000 - 63,000 = 117,000

$117,000

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