Sec 3/4 E Math T03-Q28 - Applying repeated percentage depreciation

Sec 3/4 E Math T03-Q28 - Applying repeated percentage depreciation

Secondary 3
Original parallel to Sec3&4 E Math FA

A machine is bought for $54000. Its value depreciates by \(15\%\) each year. Calculate its value after \(4\) years, giving your answer to the nearest dollar.

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Answer:\(\$28{,}188\).

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