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3 years ago

12

The value of a specific piece of machinery depreciates at a rate of 10% per year. The initial value of the machinery is $400. Fi

nd the value of the machine after 5 years to the nearest cent.
PLEASW ANWSER FAST THANK YOU

1 answer:

tatiyna3 years ago

3 0

Answer:

$ 236.20

Step-by-step explanation:

where n is the number of years.

v = 400(1 - 0.10)ⁿ

v = 400(0.9)⁵ = 236.196

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