SOLUTION: hire tool fim finds that their net return from hiring tools is decreasing by 10% per annum.if their net gain on a certain tool this year is £400.find the possible total of all fut

SOLUTION: hire tool fim finds that their net return from hiring tools is decreasing by 10% per annum.if their net gain on a certain tool this year is £400.find the possible total of all fut

Algebra.Com

Question 1140304: hire tool fim finds that their net return from hiring tools is decreasing by 10% per annum.if their net gain on a certain tool this year is £400.find the possible total of all future profits from this tool.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
the sum of this geometric series with |r|<1 (0.9) is 400/(1-r)=400/.1= 4000 pounds.
RELATED QUESTIONS
a hire tool firm finds that their net return from hiring tools is decreasing by 10percent (answered by ikleyn)

A hire tool ﬁrm ﬁnds that their net return from hiring tools is decreasing... (answered by jorel1380)

7. The value of a lathe originally valued at K3000 depreciates 15%per annum. Calculate... (answered by Boreal)

Craig and Susan Miller had just returned from their honeymoon trip in the Whitsundays.... (answered by Fombitz)

Craig and Susan Miller had just returned from their honeymoon trip in the Whitsundays.... (answered by Fombitz)

raig and Susan Miller had just returned from their honeymoon trip in the Whitsundays.... (answered by Alan3354)

Craig and Susan Miller had just returned from their honeymoon trip in the Whitsundays.... (answered by Fombitz)

can you please help me solve this problem? A telephone company finds that there is a net... (answered by ankor@dixie-net.com)

If i sell two cars, one at a gain of 10% and the other at a loss of 10%. What is the net... (answered by richwmiller)