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2 years ago

15

A sailboat depreciates at 15% of its original value each year. If the sailboat was $9500 at its time of purchase, what is the va

lue of the sailboat after 7 years?

1 answer:

FrozenT [24]2 years ago

6 0

The sailboat would be fully depreciated when the 7th year comes when it was depreciated 15% every year. This is because when you try to multiply 15% by 7 it would give you 105%, it already exceeds the 100% value of the sailboat.

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