A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years ? a. $22,889.85 b. $9,827.07 c. $15,408.00 d. $8,451.28

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asked Dec 15, 2018 180k views

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A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years ?

a. $22,889.85
b. $9,827.07
c. $15,408.00
d. $8,451.28

Mathematics
high-school

Amit Visodiya asked

by Amit Visodiya

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1 Answer

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A=15,450×(1−0.14)^(3)
A=9,827.07

ChiCgi answered Dec 20, 2018

by ChiCgi

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