# Algebra

posted by .

The value of a boat is \$21,200 It loses 6% of its value every year. Find the approximate monthly percent decrease in value. Round your answer to the nearest hundredth of a percent.

• Algebra -

.06^(1/12) = ?

• Algebra -

79%

## Similar Questions

1. ### Algebra II

The future value of \$6000 invested for 5 years at rate r, compounded annually, is given by S=6000(1+r)^5. Find the rate r, as a percent that gives a future value of \$8415.31. Round to the nearest whole percent.
2. ### Algebra II

The future value of \$6000 invested for 5 years at rate r, compounded annually, is given by S=6000(1+r)^5. Find the rate r, as a percent that gives a future value of \$8415.31. Round to the nearest whole percent.
3. ### Math for Ms. Sue Or Steve

Use an equation to solve the problem. 1. What is 57% of 11?
4. ### Math

The chief financial officer of a home health agency needs to determine the present value of a \$10,000 investment received at the end of year 10. What is the present value if the discount rate is: a. 6 percent?
5. ### Math

The chief financial officer of a home health agency needs to determine the present value of a \$10,000 investment received at the end of year 10. What is the present value if the discount rate is: a. 6 percent?
6. ### MATH

Find the interest earned by an account with \$1,200 of simple interest of 4% for 3 years. Find the percent markup. Round to the nearest whole percent. store's cost: \$100 selling price: \$160 Find the percent of increase. 50 to 70 Find …
7. ### Math

With the stars (*) next 2 the #'s are my answers! ! ! 1) Find the percent of increase. ~ 50 to 70 20% 30% 40% ***** 50% 2) Find the percent of decrease. Round your answer to the nearest tenth of a percent where necessary. ~ 75 to 60 …
8. ### Math Help!

1.Find the percent of decrease. Round your answer to the nearest tenth of a percent where necessary. 75 to 60 A. 20% B. 30%*** C. 40% D. 50% 2. Find the percent markup. Round to the nearest whole percent. Store's cost: \$100.00 Selling …
9. ### Math Help!

1.Find the percent of decrease. Round your answer to the nearest tenth of a percent where necessary. 75 to 60 A. 20% B. 30%*** C. 40% D. 50% 2. Find the percent markup. Round to the nearest whole percent. Store's cost: \$100.00 Selling …
10. ### Math, are they all right?

1. A student raises her grade average from a 75 to a 90. What was the percent of increase in the studentâ€™s grade average?

More Similar Questions