A machine is valued at 12000 dollars when new and loses 18% of its value at the end of each year. Fi

Question

A machine is valued at 12000 dollars when new and loses 18% of its value at the end of each year. Find the first year at whose end its value is below 4000 dollars.

Accepted Answer

End of year $6$.

Value after repeated reductions

Value after repeated reductions

Solution:

Solution locked