Anew truck that sells for $25,000 depreciates (decreases in value) 11% each year. what will be the value of the truck in 2 years

Price of Truck after 2 year = $ 19802.50

Step-by-step explanation:

Given: Price of truck = $ 25,000

           Price depreciate at rate of 11%  in a year

To find: Price of truck after 2 years

If we let Price of truck to be P = $ 25000

And Rate of deprecation to be R = 11%

And time to be n = 2

now by using formula of deprecation, we get

A = $ 19802.50

Therefore, Price of Truck after 2 year = $ 19802.50

-14 is the answer

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