3 years ago

A tractor was purchased for $30,000 six years ago. what is the value of the tractor today if the depreciation rate was 2.5%?

1 answer:

6 0

Initial cost = $30,000
Depreciation rate = 2.5%

Depreciation expense per year = 30,000*2.5/100 = $750
In six years,
Depreciation = 6*750 = $4,500

Value of the tractor = Initial cost - Depreciation = $30,000 - $4,500 = $25,500

You might be interested in

Joe spins a spinner with a 1, 2, 3, and 4. He also flips a coin with heads and tails. what is the probability of Joe spinning a

Vinvika [58]

Answer:

The probability of Joe spinning a 1 is a 1 out of 4 chance and the probability of him flipping heads is a 50/50 chance

Step-by-step explanation:

The spinner only has 4 numbers therefore getting any number out of those four would be a 1/4th probability. As for the coin, the coin only has 2 sides so there is a 50% chance it lands on heads or a 50% chance it lands on tails.

4 0

2 years ago

Mike is mixing paint for his walls. he mixes 1/6 gallon blue paint and 5/8 gallon green paint in a large container. what fractio

Ronch [10]

1/6+5/8= 4/24+15/24
= 19/24
I think the total amount is 19/24.

7 0

3 years ago

Read 2 more answers

A pizza dlivery car can travel 11 km for every gallon of gasoline it uses. If the driver's average speed is 28 km/h, how many ho

Svetlanka [38]

Answer:

13.75 hours

Step-by-step explanation:

First, find how many km the driver can travel:

11(35)

= 385

Then, divide this by 28 to find how many hours the driver can travel:

385/28

= 13.75

So, the driver can travel 13.75 hours

8 0

3 years ago

Please help!!! How do I write an expression for this???

lbvjy [14]

4x + 2
Eg 4 times 2 =8 +2 =10

3 0

3 years ago

Ms. D's 4th period geometry class has both freshman and sophomores. There are 27 kids in the class and it has twice as many fres

BARSIC [14]

13.5 freshman well rounded off to 14 freshman

6 0

3 years ago