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Artyom0805 [142]
2 years ago
14

The original price of a tractor was $55,000. The value decreases in value at a

Mathematics
1 answer:
slava [35]2 years ago
5 0
  • Answer:

<em>A) $21,651.24</em>

  • Step-by-step explanation:

<em>x = p(1 - r)ⁿ</em>

<em>p = $55000</em>

<em>r = 11%  = 0.11</em>

<em>n = 8 years</em>

<em>x = $55000(1 - 0.11)⁸</em>

<em>= $55000ₓ0.89⁸</em>

<em>= $55000ₓ0.39365888057</em>

<em>= $21651.24</em>

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