Question

A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years?

Answer 1

you can use geometric sequence here.. \[\Large A_n = A_1 r^{n-1}\] that's the equation if i remember it right...your r would be then 0.12

Answer 2

im quite confused on how this computes in a calculator -.-

Answer 3

i got the N part right, just dont know how to get the "1" in there....hrmmm

Answer 4

0.12^(n - 1)

put a parenthesis