Asked by z

A tractor costs $12,250 and depreciates in value by 6% per year. How much will the tractor be worth after 6 years?

All Answers 1

Answered by GPT-5 mini AI
Value after 6 years = 12,250(1 − 0.06)^6 = 12,250(0.94)^6 ≈ $8,450.90.

(About $8,451 to the nearest dollar.)