Pat bought a boat for $37,000 in 2001. In 2006 the boat was worth $27,000. If the boat depreciation is linear, how much will the boat be worth in 2009?
\Pay bought a boat for
in
.
In
worth a boat for
.
From
to
worth a boat for
.
The boat depreciation is linear, thus the boat cost is decreased each year is
.
Find how much worth will be a boat in
.
From
to
year difference is
years.
Each year a boat worth reduced
, then
years a boat worth is
.
In
a boat worh will be
.
The boat worth will be
in
.