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Maya purchased a boat for $18,340. It's value depreciated by 15% in the first year she owned it. What was her boat worth at the end of this first year?

Answer :

The worth of the boat of Maya which goes for 15% deprication this year at the end of the first year of purchase, with the considered purchase price, is $15,589

How to find the percentage from the total value?

Suppose the value of which a thing is expressed in percentage is "a'

Suppose the percent that considered thing is of "a" is b%

Then since percent shows per 100 (since cent means 100), thus we will first divide the whole part in 100 parts and then we multiply it with b so that we collect b items per 100 items(that is exactly what b per cent means).

Thus, that thing in number is

[tex]\dfrac{a}{100} \times b[/tex]

Deprecated price = Initial price- amount of deprication

We have:

Initial price = $18,340

And the amount of deprication = 15% of $18,340

= [tex]\dfrac{18340}{100} \times 15 = 2751 \: \rm dollars[/tex]

(as deprication on first year was by 15% of the original price, and we want to know the deprication for the first year only)

Thus, we get:

Depricated price of Maya's boat = $18,340 - $2,751 = $15,589

Thus, the worth of the boat of Maya which goes for 15% deprication this year at the end of the first year of purchase, with the considered purchase price, is $15,589

Learn more about percent here:

https://brainly.com/question/11549320

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