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A manufacturer bought a new rolling press for $48,000. It has depreciated in value at an annual rate of 15%. What is its value 5 years after purchase? Round to the nearest hundred dollars.
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A manufacturer bought a new rolling press for $48,000. It has depreciated in

value at an annual rate of 15%. What is its value 5 years after purchase? Round
to the nearest hundred dollars.

User Ravi Shekhar
by
5.1k points

1 Answer

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48,000x0.15= 7,200 per year
7,2000x5 =36,000
48,000-36,000=$12,000 (value after 5 years)
User Haisergeant
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