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24 August, 06:42

The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

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  1. 24 August, 10:38
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    23400 x 8/100 = 1872 = the loss

    1872 : 12 = 156 = the loss each month

    156/1872*100% = 8,33 % then round it
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