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.

Algebra ->  Percentage-and-ratio-word-problems -> 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.      Log On


   

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) About Me  (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