Question

A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years?

$22,889.85
$15,408.00
$8,451.28
$9,827.07

Answer 1

to decrease a number by 14% multiply by \(1-.14=.86\) to do it three times in a row, multiply by \((.86)^3\)
compute \(15,450\times (.86)^3\)

Answer 2

thank you so much :)