A piece of machinery depreciates in value by 5% a year. Determine its value in three years

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A piece of machinery depreciates in value by 5% a year. Determine its value in three years’ time if its current value is $50 000.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 09:11 AM

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A piece of machinery depreciates in value by 5% a year. Determine its value in three years

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Mathematics for Economics and Business

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