A new truck sells for $29,000 and depreciates 12% each year. Find the value of the truck after 10 years.
1 answer:
Answer:
according to the question value got less 12% each year
first of all the 12% of 29000$ = 29000÷100×12= 3480 $
in one year truck value deprecates 3480$
in 10 years it will 3480$×10 =34800$
now truck cost will be = 29000-34800$= -5000$
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