Question

A used boat was purchased for $15,000 this year. Each year the boat value decreases 11.5%.

Answer 1

Answer:

current value - x(current value x 0.885)

Step-by-step explanation:

Answer 2

Answer: 0:15,000 1:13,275 2:11,748.375

Step-by-step explanation: .885 times the original price (15000) because 11.5% minus 100% equals 88.5%. Just do this for each new one and you can get any answer for however many years after you need.