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28 July, 09:51

A boat cost 92,000.00 and depreciates in value by 15% per year. How much will the boat be after 10years

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  1. 28 July, 10:32
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    In the ten years it will be worth 18,112.4452
  2. 28 July, 10:43
    0
    Cost Price of boat = $92000

    depreciation rate = 15%

    time = 10yrs

    Price of boat after 10 years = 92000 * (1-0.15) ¹⁰ = $18112.44
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