A tractor cost $9250 and depreciates in value by 12% per year. How much will the tractor be worth after 5 years? Please answer ASAP!

Question

asked Jan 7, 2024 208k views

1 Answer

Dima Kornilov · Answer 1 · 2024-01-13T02:35:28+0000

Answer:

$3,700

Explanation:

12% of 9,250 is 1,110

so each year 1,110 is subtracted from the original price of the tractor.

So if you subtract 1,110 five times from 9,250 you get 3,700.