Asked by Chelsea

A shipping company owns a fleet of heavy trucks. If the purchase price of each truck is $245,000 and its value depreciates by 15 percent per year, what is the value of each truck after 4 years?


I got $127891.5313. Am i right?

Answers

Answered by drwls
245,000*0.85^4 = 127,891.53 is correct
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