Register

If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?

If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?
asked 91.8k views
1 vote
If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?

asked
User KevinDTimm
by
8.2k points

1 Answer

5 votes
Depreciation formula A = P(a - r)^t
A = 43,750(1 - .11)^t
A = 43,750(.89)^5
A = $24,430.26
answered
User Bryan Dunphy
by
8.7k points
← Prev Question Next Question →

Related questions

User Mamu
asked Feb 10, 2023 31.8k views
If a new truck costs $43,750 and it depreciates 18% per year, what will the truck be worth in 5 years? 1 SEE ANSWER
Mamu asked Feb 10, 2023
by Mamu
8.1k points
1 answer
9 votes
31.8k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!