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23-05-2018
Mathematics

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A boat depreciates 12.75% per year. If the boat is purchased for $7500, what is the equation of the exponential equation? How much will the boat be worth in 6 years?

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29-05-2018

The price of the boat in 6 years will be [tex](0.8725)^{6}*$7500=$3308.67[/tex] (12,75%=0.1275 - the reduction factor of boat value; after each year the price will decrease in 0.8725 times and after six years will decrease in [tex] 0.8725^{6} [/tex] times)

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