hollisb33 hollisb33
  • 20-05-2021
  • Mathematics
contestada

A boat costs $11,000 and decreases in value by 7% per year. How much will the boat be worth after 6 years? a $7,116.89 b $10,958.00 c $6,618.71 d $16,508.03

Respuesta :

ColinG
ColinG ColinG
  • 20-05-2021

Answer:

A) $7,116.89

Step-by-step explanation:

Use the simple interest formula, V = P(1 + r)^t

Principal is 11,000, r is -0.07, t is 6

multiply 11,000 by 0.93^6

Answer Link

Otras preguntas

The museum's show for July features 30 oil paintings by different artists. All artists show the same number of paintings and each artist shows more than 1 paint
Is 0.248 greater than 0.29???
Valuable ore deposits and gem crystals are often associated with _____. a. oceans b.oil deposits c. thin crustal areas d. igneous intrusions   Which of the foll
Valuable ore deposits and gem crystals are often associated with _____. a. oceans b.oil deposits c. thin crustal areas d. igneous intrusions   Which of the foll
There are white, red and blue cars in a parking lot. The number of each colour car is a factor of 36. There are twice as many white cars as red cars. The number
what percent of 240 is 180?
What does intensity mean in science?
What is one 10th of one fourth of one fifth of one half of 12,000
What is the geocentric theory ?
What is the geocentric theory ?