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A machine depreciate at the rate of 15% of its value at the beginning of the year.if the machine originally costs 850,what is the value of the machine at the end of the sixth year

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MOZI

Hi,

A the end of the 6th year, the value of the machine would be :

V = 850 * (1 - 15%)^6 = 850 * 0.85^6 = 320.58

x^n = x to the power of n