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FINANCE calculate the number of years it would take for a machine valued at $11 000 to drop below $7000 in value if the rate of depreciation is 14% p.a. Pls show full working out ty :)
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Sep 16, 2021
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FINANCE
calculate the number of years it would take for a machine valued at $11 000 to drop below $7000 in value if the rate of depreciation is 14% p.a.
Pls show full working out ty :)
Mathematics
middle-school
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y=a(1-r)^t (t being the number of years) so 7000=11000(1-.14)^t = 7000=11000(.86)^t the answer is 2-3 years
Nicolas Guillaume
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Sep 21, 2021
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