SOLUTION: A boat that costs $10,150 decreases in value by 17% per year. How much will the boat be worth after 5 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A boat that costs $10,150 decreases in value by 17% per year. How much will the boat be worth after 5 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 897662: A boat that costs $10,150 decreases in value by 17% per year. How much will the boat be worth after 5 years?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +V+ = value of boat is +5+ years
+V+=+10150%2A%28++1+-+.17+%29%5E5+
+V+=+10150%2A.83%5E5+
You can finish