Question
A boat costs 16,600 and decreases in value by 14% per year. How much will the boat be worth after 11 years?
Answers
GPT 3.5
The boat decreases in value by 14% per year, so it retains 100% - 14% = 86% of its value each year.
After 11 years, the boat will be worth 16,600 * 0.86^11 = $4478.46. Answer: \boxed{4478.46}.
After 11 years, the boat will be worth 16,600 * 0.86^11 = $4478.46. Answer: \boxed{4478.46}.