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Mathematics

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In 2012, William bought a new boat for $28,500. If the value of the boat depreciates by 8% each year, find the value of the boat in 2018.

Answer :

Today at 6:59 PM

Answer:

$14820

Step-by-step explanation:

Per Annum boat depreciation = 8%

So, per annum depreciation = (8/100) x 28500

= 2280

Depreciation (2012 to 2018, 6 years) = 2280 x 6

= 13680

So, value in 2018 = Cost value - total depreciation

28500 - 13680

= 14820

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