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You buy a used truck for $10,000. It depreciates at the rate of 18% each year for 5 years. Find the value of the truck after 5 years.

You buy a used truck for $10,000. It depreciates at the rate of 18% each year for 5 years. Find the value of the truck after 5 years.
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2 votes
You buy a used truck for $10,000. It depreciates at the rate of 18%

each year for 5 years. Find the value of the truck after 5 years.

User Dan Jones
by
8.0k points

2 Answers

2 votes
well u know 18% as a decimal is 0.18 so u multiply 10,000*0.18 which equals 1,800 so 1,800 is your answer
User Priyesh
by
8.2k points
3 votes
The value of the car is 3,707.40
User Martin Kure
by
8.8k points
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