Q.

A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?

A) $2,957.04 B) $5,884.00 C) $2,992.96 D) $5,178.97

Question

Mathematics

Keith Richard

3 December, 03:53

Q.

A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?

A) $2,957.04 B) $5,884.00 C) $2,992.96 D) $5,178.97

+4

Answers (1)

Know the Answer?

Amiya Odonnell · Answer 1

A: $2,957.04

Step-by-step explanation:

Use the formula a (1-r) ^x

Plug in your values:

5,950 (1-0.11) ^6

Your answer should be 2957.038681

Round it to 2,957.04

Q.A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?A) $2,957.04 B) $5,884.00 C) $2,992.96 D) $5,178.97

Q.

A sailboat that costs $5,950 decreases in value by 11% per year. How much will the boat be worth after 6 years?

A) $2,957.04 B) $5,884.00 C) $2,992.96 D) $5,178.97