Answer:
Step-by-step explanation:
Keep subtracting 10 %
U will get 5101 approx.
Answer: the boatf will be worth $5101 after 8 years.
A decrease of 10% is equivalent to multiplying the current value by 0.9.
Every year the value gets multiplied so we get an exponential function in years:
value after y years = [tex]V\cdot0.9\cdot0.9\cdot\cdot\cdot0.9=V\cdot0.9^y[/tex]
value after 8 years = [tex]\$11850\cdot0.9^8=\$11850\cdot0.43\approx \$5101[/tex]
