Answer:
$8723.18 Option D
Step-by-step explanation:
9 % = 0.09
A decrease of 0.09 per year means that after each year the value is (1 - 0.09) = 0.91 of the previous year.
So we have the equation:- Value after x years = 18,550(0.91)^x
After 8 years value of the boat = 18,550(0.91)^8
= $8723.18
