1 year ago

A tractor costs $20000 and depreciates in value by 15% per year. how much will the tractor be worth after 5 years?

1 answer:

Brut [27]1 year ago

7 0

Answer:

$ 8874.11 after 5 years

Step-by-step explanation:

Each year it is worth 85 % of its value

20 000 ( .85)^5 = 8874.11

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