SOLUTION: The value of a new $3500 sailboat decreases 10% per year. Find its value after 1 year.

Question 148604: The value of a new $3500 sailboat decreases 10% per year. Find its value after 1 year.
Found 2 solutions by mangopeeler07, jojo14344:
Answer by mangopeeler07(462) (Show Source): You can put this solution on YOUR website!
Find 10% of 3500

Cross multiply:

Divide both sides by 100

Subtract that from 3500

Value after 1 year=$3150

Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
We can use expression:
per year-------- working equation
So,

$3150, value after 1 year
Thank you,
Jojo
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