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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)$15,408.00 C)$8,451.28 D)$9,827.07 Thank you for helping as soon as possible.
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2 votes
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)$15,408.00
C)$8,451.28
D)$9,827.07

Thank you for helping as soon as possible.

User Erickdeoliveiraleal
by
7.5k points

2 Answers

5 votes
The answer is D) $ 9,827.07
User Amlyhamm
by
8.6k points
3 votes
I think you mean exponential decay where it decreases by 14% of the current price each time
so
A=P*(1-r)^t
A=15,450*(0.86)^3
A=$9827.07 is answer

D is answer
User Littlegreen
by
7.6k points
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User Ritlew
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A tractor costs 15450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years?
Ritlew asked Mar 9, 2018
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