If a piece of machinery depreciates continuously at an annual rate of 4%, how many years will

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If a piece of machinery depreciates continuously at an annual rate of 4%, how many years will it take for the value of the machinery to halve?

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 09:18 AM

A piece of machinery depreciates in value by 5% a year. Determine its value in three years time if its current value is $50 000.
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If a piece of machinery depreciates continuously at an annual rate of 4%, how many years will

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Mathematics for Economics and Business

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