SOLUTION: each week the price of a $40,000 boat will be reduced 5% of the previous price. If we assume that it is not sold, what will be the price after 10 weeks?

Algebra ->  Sequences-and-series -> SOLUTION: each week the price of a $40,000 boat will be reduced 5% of the previous price. If we assume that it is not sold, what will be the price after 10 weeks?      Log On


   

Question 1034767: each week the price of a $40,000 boat will be reduced 5% of the previous price. If we assume that it is not sold, what will be the price after 10 weeks?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+P+=+40000%2A%28+1+-+.05+%29%5E10+
+P+=+40000%2A.95%5E10+
+P+=+40000%2A.59874+
+P+=+23949.48+
The price after 10 weeks will be $23.949.48