A jet ski costs $3250 and decreases in value by 15% per year. How much will the jet ski be worth after 6 years?
Question
Solution 1
Step 1: Understand the problem. The jet ski's value decreases by 15% each year. We need to find out its value after 6 years.
Step 2: Identify the initial value of the jet ski, which is $3250.
Step 3: Understand that a 15% decrease means the jet ski retains 85% of its value each year. In decimal fo Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
A motorcycle cost $7,250. If it depreciates by 12% per year, how much will it be worth after one year?
A car is purchased for $31,000. Each year it loses 25% of its value. After how many years will the car be worth $6400 or less?
for 18000 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 14 years
A car purchased for $6000 depreciated $2000 the first year and $500 each of the following years. After how many years was the car worth $1500
A car is purchased for US$24.000. After each year, the resale value decreases by 20%. What will the resale value be after 4 years?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.