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Popular Word Problems >

a boat costs 10,250 and decreases in value by 9% per year. How much will the boat be worth after 13 years?

Solution

a b o a t cos t s 10, 250 an d d ecre a ses in v a l u e b y 9% p er ye a r . Ho w m u c h w i ll t h e b o a t b e w or t h a f t er 13 ye a rs ?

Solution

Amount : 22242.5

Solution steps

Translate the problem into an equation:

A = 10250 (1 + 0.09 \cdot 13)

10250 (1 + 0.09 \cdot 13) = 22242.5

Amount : 22242.5

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