A manufacturer bought a new rolling press for $48,000. It has depreciated in value at an annual rate of 15%. What is its value 5 years after purchase? Round to the nearest hundred dollars.

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JP Duffy asked Jun 4, 2022

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A manufacturer bought a new rolling press for $48,000. It has depreciated in

value at an annual rate of 15%. What is its value 5 years after purchase? Round
to the nearest hundred dollars.

Mathematics
college

JP Duffy asked Jun 4, 2022

by JP Duffy

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48,000x0.15= 7,200 per year
7,2000x5 =36,000
48,000-36,000=$12,000 (value after 5 years)

HaukurHaf answered Jun 9, 2022

by HaukurHaf

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