Answer:
y = $21,528t
Step-by-step explanation:
Original value of the boat = $23,400
If it looses 8% every year
Amount lost = 8% of 23400
Amount lost after a year = 0.08 * 23400
Amount lost after a year =$1872
Money remaining after 1 year = 23400 - 1872
Money remaining after 1 year = $21,528
To get a function that represents the value y (in dollars) of the boat after t years, we will say;
t year = x
1 year = $21,528
Cross multiply
x *1 = $21,528t
x = $21,528t
Hence the function that represents the value y (in dollars) of the boat after t years is y = $21,528t
