SOLUTION: a piece of machinery valued at 250 000 depreciate at an average rate of 10% yearly what will the value of the piece of machinery be after 7 years

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Question 1033340: a piece of machinery valued at 250 000 depreciate at an average rate of 10% yearly what will the value of the piece of machinery be after 7 years
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+A+=+250000%2A%28+1+-+.1+%29%5E7+
+A+=+250000%2A.9%5E7+
+A+=+250000%2A.4783+
+A+=+119575+
After 7 years, the machinery
is worth $ 119,575
------------------------
check:
+A+=+250000%2A.9%5E7+
+119575+=+250000%2A.9%5E7+
+.9%5E7+=+119575+%2F+250000+
+.478297+=+.4783+
OK