The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer
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putra
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Mathematics
The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer - Hello Friend question and answers, In sharing this time titled The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer , in helping to answer a question or help learning, hopefully content posting subject matter that I share this you can understand, if there are any difficulties please to comment.
Your Question : The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer
Answer;
If you would like to know what is the machine's value after 5 years, you can calculate this using the following steps:
1 year: $500,000 - 10% * $500,000 = 500,000 - 10/100 * 500,000 = $500,000 - $50,000 = $450,000
2 years: $450,000 - 10% * $450,000 = 450,000 - 10/100 * 450,000 = $450,000 - $45,000 = $405,000
3 years: $405,000 - 10% * $405,000 = 405,000 - 10/100 * 405,000 = $405,000 - $40,500 = $364,500
4 years: $364,500 - 10% * $364,500 = 364,500 - 10/100 * 364,500 = $364,500 - $36,450 = $328,050
5 years: $328,050 - 10% * $328,050 = 328,050 - 10/100 * 328,050 = $328,050 - $32,805 = $295,245
The correct result would be $295,000.
You are currently reading the article about lessons The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer and this lesson url permalink of the article was https://choosequestion.blogspot.com/2016/07/the-local-parts-shop-buys-machine-that.html Hopefully this question and answer article can give good answers, good learning.
The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer
If you would like to know what is the machine's value after 5 years, you can calculate this using the following steps:
1 year: $500,000 - 10% * $500,000 = 500,000 - 10/100 * 500,000 = $500,000 - $50,000 = $450,000
2 years: $450,000 - 10% * $450,000 = 450,000 - 10/100 * 450,000 = $450,000 - $45,000 = $405,000
3 years: $405,000 - 10% * $405,000 = 405,000 - 10/100 * 405,000 = $405,000 - $40,500 = $364,500
4 years: $364,500 - 10% * $364,500 = 364,500 - 10/100 * 364,500 = $364,500 - $36,450 = $328,050
5 years: $328,050 - 10% * $328,050 = 328,050 - 10/100 * 328,050 = $328,050 - $32,805 = $295,245
The correct result would be $295,000.
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You are currently reading the article about lessons The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine’s value after 5 years? Round your answer to the nearest integer and this lesson url permalink of the article was https://choosequestion.blogspot.com/2016/07/the-local-parts-shop-buys-machine-that.html Hopefully this question and answer article can give good answers, good learning.