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The value of a boat is $53,650. It loses 14% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

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darianamin

Answer:

1.17

Step-by-step explanation:

this is because first you would do 14÷12 as 14 is yearly and you want to find the monthly percentage this gives you 1.1666666667. then the next step is to round it so you would round 1.1666666667 to 1.17 for hundredth of a percent

14÷12=1.1666666667

round 1.1666666667 to 1.17

hoped this helped

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