A new Speed boat costes $33,000. the value decreses by 12% each year. Determine the boat value after 6 years. Must have an explanation and will give brainliest

First multiply the initial value by 12% (33000 • 0.12) and continue doing the same thing with the remaining amount until you get to the 6th year.

The value decreases as the years go by and it decreases by 12% every time. You can’t get the first 12% from the first year and subtract the same amount six times to get the boat’s value after six years (some people get this wrong).