A machine is worth $8000 initially and loses 15% of its current value each year. Find its value afte

Question

A machine is worth $8000 initially and loses 15% of its current value each year. Find its value after three years and the first whole number of years after which it is worth less than $4000.

Accepted Answer

$\$4913$; 5 years

Repeated depreciation and a threshold

Repeated depreciation and a threshold

Solution:

Solution locked