document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=357168>Question 357168</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A piece of machinery valued at $250,000 depreciates at a fixed rate of 12% per year. After how many years will the value have depreciated to $100,000? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #255059 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=255059\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A piece of machinery valued at $250,000 depreciates at a fixed rate of 12% per year. After how many years will the value have depreciated to $100,000?<BR>\n" );
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document.write( "Each year the item retains 88% of its last-year value.<BR>\n" );
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document.write( "Solve: 250,000(0.88)^x = 100,000<BR>\n" );
document.write( "0.88^x = 0.4<BR>\n" );
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document.write( "x = [log0.4]/[log0.88]<BR>\n" );
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document.write( "x = 7.168 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.  </SPAN>\n" );
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