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

15% is 1425 each year so 1425x7=9975 idk why i got this answer i wish u can have this answer correct this time

Answer 2

\[(9500 \times 0.15)^{7}\]

$3,045.48