Respuesta :

meerkat18
we are given that the original cost of tractor is $15,450  and that the depreciation rate is 14 percent. After 3 years, 

The formula that should be followed is  $15,450 * (1 - 0.14 ) ^3. This is equal to a depreciated value of $9827.07

Cost of tractor after 3 year is $9,826.2 (Approx.)

Depreciation based problem:

Given that;

Cost of tractor = $15,450

Rate of depreciation = 14% = 0.14

Find:

Cost of tractor after 3 year

Computation:

Cost of tractor after 3 year = 15,450[1-0.14]³

Cost of tractor after 3 year = 15,450[0.86]³

Cost of tractor after 3 year = 15,450[0.6360]

Cost of tractor after 3 year = $9,826.2 (Approx.)

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