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The local parts shop buys a machine that cost 500,000 its value depreciates exponitially each year by 10% what is the machines value after 5 years

The local parts shop buys a machine that cost 500,000 its value depreciates exponitially each year by 10% what is the machines value after 5 years
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The local parts shop buys a machine that cost 500,000 its value depreciates exponitially each year by 10% what is the machines value after 5 years

asked
User Hallgeir Wilhelmsen
by
8.7k points

1 Answer

2 votes
A=500,000×(1−0.10)^(5)
A=295,245
answered
User Premraj
by
8.7k points
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