A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years?

$3,045.48

$7,269.91

$8,075.00

$25,270.19

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A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years?$3,045.48$7,269.91$8,075.00$25,270.19

A sailboat depreciates at 15% of its original value each year. If the sailboat was $9,500 at its time of purchase, what is the value of the sailboat after 7 years?

$3,045.48

$7,269.91

$8,075.00

$25,270.19