SOLUTION: Can you please help me with this problem? you buy a used truck for 10,000.It depricates at the rate of 18% per year. find the value of the truck after 5 years.

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Question 128244: Can you please help me with this problem?
you buy a used truck for 10,000.It depricates at the rate of 18% per year. find the value of the truck after 5 years.

Answer by Diesel59(1)   (Show Source): You can put this solution on YOUR website!
10,000X.18X5= 9000 this is the depreciation amount
10000-9000= 1000 after 5 years

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