Answered

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The cost of a machine decreases by 10% per
year. If its present cost is
24,000; find its
value at the beginning of 3rd year.

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Sagot :

Answer:

Step-by-step explanation:

  • current price = 24000
  • decrease rate = 10%
  • 10% price decrease 0f 24000 At 1st year = 2,400
  • price left after 1st year = 24000 - 2,400 =21600
  • 10% price decrease 0f 21600At 2nd year = 2160
  • price left after 2nd year = 21600 - 2160 =19440
  • So price left at the start of 3rd year is 19440
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