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?

Question

asked Aug 3, 2022 160k views

1 Answer

Walty Yeung · Answer 1 · 2022-08-09T18:46:58+0000

Answer:

$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