Question 475648: You buy a used truck for $10,000. It depreciates at the rate of 18%
each year for 5 years. Find the value of the truck after 5 years.
Thank you so much!
Found 2 solutions by faceoff57, robertb:
Answer by faceoff57(108)   (Show Source):
You can put this solution on YOUR website! .18 * 10,000 = 1,800
10,000 - 1,800 = 8,200
.18 * 8,200 = 1,476
8,200 - 1,476 = 6,724
.18 * 6,724 = 1,210.32
6,724 - 1,210.32 = 5,513.68
.18 * 5,513.68 = 992.46
5,513.68 - 992.46 = 4,521.22
.18 * 4,521.22 = 813.8196
4,521.22 - 813.82 = 3,707.40
The value of the car is 3,707.40
Answer by robertb(5830)  (Show Source):
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