document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=389262>Question 389262</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You buy a used truck for $10,000. It depreciates at the rate of 18%<BR>\n" );
document.write( "each year for 5 years. Find the value of the truck after 5 years.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #275811 by </B><A HREF=/tutors/aboutme.mpl?userid=techno><B>techno(3)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=techno><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=275811\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> We have, the price of the truck at the beginning of the first year, P= $10,000<BR>\n" );
document.write( "After the first year, it depreciated by 18%. <BR>\n" );
document.write( "So after 1 year, the price P1 = P*(1- (18/100)<BR>\n" );
document.write( "After 2 years, the price P2 = P*(1- 2*(18/100)<BR>\n" );
document.write( "Similarly at the end of 5th year, price P5 = P*(1- 5*(18/100) = $10,000*(1-0.9)<BR>\n" );
document.write( "                                     = $10,000*0.1 = $1000 </SPAN>\n" );
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