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OpenStudy (anonymous):
A new boat will decrease in value at a rate of 8% per year. If a boat costs $40000 new find the number of years until the boat is worth $18000
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OpenStudy (anonymous):
40000 - (40000)(0.8)y = 18000 solve for y (years)
OpenStudy (anonymous):
sorry that should be 0.08 not 0.8
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