A tractor costs $20000 and depreciates in value by 15% per year. how much will the tractor be worth after 5 years?

asked Jul 19, 2023 162k views

1 vote

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7 votes

Answer:

$ 8874.11 after 5 years

Explanation:

Each year it is worth 85 % of its value

20 000 ( .85)^5 = 8874.11

Jan Bluemink answered Jul 23, 2023

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