Question

A bakery van has an original value of $40,000. The van is depreciating at a rate of 9% each year. About

how much will this van be worth 5 years later?

Answer 1

$22,000

Explanation:

9 percent of 40000 is 3600

it depreciates for 5 years so times 5 which gives us 18000

now subtract this amount from its original value and you get 22,000