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A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years ? a. $22,889.85 b. $9,827.07 c. $15,408.00 d. $8,451.28

A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years ? a. $22,889.85 b. $9,827.07 c. $15,408.00 d. $8,451.28
asked 180k views
1 vote
A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years ?

a. $22,889.85
b. $9,827.07
c. $15,408.00
d. $8,451.28

asked
User Amit Visodiya
by
8.1k points

1 Answer

3 votes
A=15,450×(1−0.14)^(3)
A=9,827.07
answered
User ChiCgi
by
9.1k points
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