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valkas [14]
2 years ago
10

A new truck sells for $29,000 and depreciates 12% each year. Find the value of the truck after 10 years.

Mathematics
1 answer:
ozzi2 years ago
5 0

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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See, in these type of questions always first assume your original price to be x. And now try to write whatever information is given to you.

Now, you have that it has been sold for 12% profit, so basically it is sold at. (1 + (12/100))x = 1.12x

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Read 2 more answers
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