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A farmer buys a tractor for 50,000. if the tractor depreciates 10% per year, find the value of the tractor in 7 years. round to the nearest penny

A farmer buys a tractor for 50,000. if the tractor depreciates 10% per year, find the value of the tractor in 7 years. round to the nearest penny
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a farmer buys a tractor for 50,000. if the tractor depreciates 10% per year, find the value of the tractor in 7 years. round to the nearest penny

User Serhii Kheilyk
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The value of the tractor in 7 years is $23,914.85.
User Rakesh Burbure
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