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4. A piece of machinery valued at $2500 depreciates at a steady rate of 10% yearly. The owner of the business plans to replace the equipment when its value has depreciated to $500. In how many years will
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4. A piece of machinery valued at $2500

depreciates at a steady rate of 10%
yearly. The owner of the business plans
to replace the equipment when its
value has depreciated to $500. In how
many years will the equipment be
replaced?

User BSalunke
by
7.1k points

1 Answer

4 votes
20 years would be my answer
User Sebin Roy
by
6.5k points
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