3 years ago

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

Mathematics

1 answer:

slava [35]3 years ago

5 0

Answer:

A) $21,651.24

Step-by-step explanation:

x = p(1 - r)ⁿ

p = $55000

r = 11% = 0.11

n = 8 years

x = $55000(1 - 0.11)⁸

= $55000ₓ0.89⁸

= $55000ₓ0.39365888057

= $21651.24

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