Question

The local parts shop buys a machine that costs $500,000. It’s value depreciates exponentially each year by 10% what is the machine’s value after 5 years Round your answer to the nearest integer

Answer 1

$250,000

Explanation:

If the machine originally costs $500,000, and over time it decreases by 10%, after 5 years, its lost 50% of its value. The answer will come out to $250,000