SOLUTION: A tractor that 4 years ago cost $8000, is now worth only $3200. Find the average annual rate of depreciation.
Thank You!
Algebra.Com
Question 300204: A tractor that 4 years ago cost $8000, is now worth only $3200. Find the average annual rate of depreciation.
Thank You!
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
A tractor that 4 years ago cost $8000, is now worth only $3200. Find the average annual rate of depreciation.
the depreciation amount in 4 years is $4800
On 8000 the depreciation is 4800
for one year it is 1200
100*1200 / 8000
=15%
RELATED QUESTIONS
After 4 years a tractor purchased for E58 500 has a resale value of E35 080. Find its... (answered by fractalier)
A farmer buys a new tractor for $152,000.00 and assumes that it will have a trade in... (answered by checkley77)
Hugh Feridan bought a new car for $18,200. He estimates the car will be worth $11,600 in... (answered by Theo)
Page 566 # 42
Suppose a computer that costs $3000 new is only worth $600 affter. What is (answered by Alan3354)
Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average... (answered by ikleyn)
you bought a car for $10,000 four years ago, since then it has lost 20% of its original... (answered by ewatrrr)
A new car cost $20,000 when purchased. After 6 years, the car is worth $8000. Assuming... (answered by ikleyn)
The lost value of equipment over a period of time is called depreciation. The simplest... (answered by ikleyn)
A bank is offering a mutual fund with 10.3% average yearly growth rate. If the investment (answered by addingup,MathTherapy)