Respuesta :
The value of the boat after 4 years will be $11622.61 if a boat with a value of $27,000 depreciates at a rate of 19% per year.
What is the percentage?
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
We have:
lf a boat with a value of $27,000 depreciates at a rate of 19% per year,
Let's suppose the value is depreciating exponentially:
As we know, the exponential function rapidly increases and the value of the exponential function is always positive. It denotes with exponent y = a×
where a is a constant and a>1
The value after 4 years = current value( 1- r)ⁿ
The value after 4 years = 27000(1 - 19%)⁴
The value after 4 years = 27000(1 - 0.19)⁴
The value after 4 years = $11622.61
Thus, the value of the boat after 4 years will be $11622.61 if a boat with a value of $27,000 depreciates at a rate of 19% per year.
Learn more about the percentage here:
brainly.com/question/8011401
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