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7 November, 03:01

A used boat was purchased for $15,000 this year. Each year the boat value decreases 11.5%.

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  1. 7 November, 03:27
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    current value - x (current value x 0.885)
  2. 7 November, 04:11
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    Answer: 0:15,000 1:13,275 2:11,748.375

    Step-by-step explanation:.885 times the original price (15000) because 11.5% minus 100% equals 88.5%. Just do this for each new one and you can get any answer for however many years after you need.
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