SOLUTION: You buy a used truck for $22,000 . It depreciates at the rate of 10% per year. What is the value of the truck after 4 years?
I got 14,434.20.
Algebra.Com
Question 425964: You buy a used truck for $22,000 . It depreciates at the rate of 10% per year. What is the value of the truck after 4 years?
I got 14,434.20.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
It's worth 90% each successive year.
---------------------
--> $14,434.20
RELATED QUESTIONS
You buy a used truck for $10,000. It depreciates at the rate of 18%
each year for 5... (answered by techno)
You buy a used truck for $10,000. It depreciates at the rate of 18%
each year for 5... (answered by MathLover1,kikk13)
You buy a used truck for $10,000. It depreciates at the rate of 18%
each year for 5... (answered by faceoff57,robertb)
Can you please help me with this problem?
you buy a used truck for 10,000.It depricates (answered by Diesel59)
pleasee help me solve :
a new truck that sells for $21,000 depreciates 20% each year.... (answered by RAY100)
Amanda bought a truck for $20,000. The value of the truck depreciates by 7 percent each... (answered by Theo,Alan3354)
you purchased a used car that depreciates at a rate of 9% per year. what is the decay... (answered by stanbon)
A company buy a $450,000 piece of equiptment in 2005. It depreciates $33,000 a year. What (answered by Fombitz)
The straight line depreciation equation for a truck is y = - 4,265x + 59,710.
9. What... (answered by Edwin McCravy)