Algebra-1

To calculate the value of the sailboat after 6 years using the given formula V = A⋅(1 - r)^t.
The formula V = A⋅(1 - r)^t represents the value of an item or asset (V) after a certain period of time. Here's what each variable represents:

V: The value of the item or asset after the specified time period.
A: The initial value or cost of the item or asset.
r: The rate of decrease or depreciation per time period, expressed as a decimal.
t: The number of time periods.

Now let's apply the formula to the given scenario:

A sailboat costs $5,950, so A = $5,950.
The sailboat decreases in value by 11% per year, so r = 11% = 0.11.
We w...