Question

algebra

Answer 1

Okay.

Answer 2

it would diminish by 10% each year but I have one question for you

Answer 3

The formula we will be using is simple. The trick to all these questions is to find the clues.

Answer 4

Does it diminish by 10% of it's current cost each year?

Answer 5

Or the first cost

Answer 6

Just plug all the information in \(V=50,000*(1-10\)%\()^7\)\( = 23,914.85\)

So, finally the conclusion is that the value of the tractor in 7 years is \($23,914.85\)

Answer 7

Hope this helped! Have a great day! :)

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@EKKERKING