Question

A used boat was purchased for $15,000 this year. Each year the boat value decreases 11.5%.

Answer 1

Answer:

y = 15000(0.885)^t

Step-by-step explanation:

y = 15000(1-0.115)^t

y = 15000(0.885)^t

Answer 2

$15000 - 11.5 = 4785$