Question

A sailboat depreciates at 15% of its original value each year. If the sailboat was $9500 at its time of purchase, what is the value of the sailboat after 7 years?

Answer 1

to decrease something by 15% is the same as finding 85% of it
to do this 7 times, compute
\[9500(.85)^7\] with a calculator

Answer 2

2.23870937e27? @satellite73