Question

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)$15,408.00
C)$8,451.28
D)$9,827.07

Thank you for helping as soon as possible.

Answer 1

The answer is D) $ 9,827.07

Answer 2

I think you mean exponential decay where it decreases by 14% of the current price each time
so
A=P*(1-r)^t
A=15,450*(0.86)^3
A=$9827.07 is answer

D is answer