Question

A tractor costs $15,450 and depreciates in value by 14% per year how much will the tractor be worth after 3 years

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Answer 1

8,923.20

Explanation:

14% * 3 = 42

42% of 15.450 = 6,526.80

15,450-6,526.80= 8,923.80

Answer 2

$8,961 is your answer.

Explanation:

What you do is multiply.

15,450 x 14% = 2,163

2,163 x 3 = $6,489

$15,450 - $6,489 = $8,961

$8,961 is your answer.