Sec 3/4 E Math T03-Q35 - Applying repeated percentage depreciation

Sec 3/4 E Math T03-Q35 - Applying repeated percentage depreciation

Secondary 3
Original parallel to Sec3&4 E Math FA

A machine is bought for $57000. Its value depreciates by \(12\%\) each year. Calculate its value after \(7\) years, giving your answer to the nearest dollar.

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Answer:$23294.51.

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