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A surveying firm bought a GPS system for $12,500. The GPS depreciated by a fixed rate of 6% each year. How much is the GPS worth after 5 years?

A surveying firm bought a GPS system for $12,500. The GPS depreciated by a fixed rate of 6% each year. How much is the GPS worth after 5 years?
43.1k views
5 votes
A surveying firm bought a GPS system for

$12,500. The GPS depreciated by a fixed rate
of 6% each year. How much is the GPS worth
after 5 years?

User IlPittiz
by
8.7k points

1 Answer

5 votes

Answer:

3

Explanation:

6-3=3

User Florian Cargoet
by
8.7k points
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