A new truck that sells for $28000 depreciates (decreases in value) 13% each year. What is the decay factor b?

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asked Apr 28, 2018 99.3k views

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A new truck that sells for $28000 depreciates (decreases in value) 13% each year. What is the decay factor b?

Mathematics
high-school

Abhinav Risal asked

by Abhinav Risal

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1 Answer

5 votes

The answer is 0.87.
I hope this helped! :D

Angelique answered May 1, 2018

by Angelique

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