1. A $226,000 yacht has lost 4% of its value every yearsince it was purchased 5 years ago. what is it worth now?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. A $226,000 yacht has lost 4% of its value every yearsince it was purchased 5 years ago. what is it worth now?

2. Your parents bought a car six years ago for $21,000. It depreciated at a rate of 15% per year. How much will you get for the car? 

3. Your best friend just bought a 4 year old model motorcycle for $2,500. The seller told your friend the value has depreciated 12% each year. How much was it worth brand new? 

4. Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of inflation is 7%, what will your favorite snack cost you per week in 10 years?

5. You buy a car that is 6 years old for $3,950. The seller tells you the value has depreciated by 16% each year since he purchased it. How much was the car worth brand new? 

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