Question

The value of a machine, V, at the end of t years is given by V=C(1−r)tV=C(1−r)t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 3 years if the original cost was $1778$⁢1778 and r=0.1r=0.1. Round to the nearest cent.

Name: the value of a machine v at the end of t years is given by vc1rtvc1rt where c is the original cost and r is the rate of depreciation find the value of a machine at the end of 3 years if the 55073
Uploaded: 2021-12-22T03:37:41-08:00
Duration: 38 s
Channel: Kimberly Waterbury
Description: the value of a machine v at the end of t years is given by vc1rtvc1rt where c is the original cost and r is the rate of depreciation find the value of a machine at the end of 3 years if the 55073

          The value of a machine, V, at the end of t years is given by V=C(1−r)tV=C(1−r)t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 3 years if the original cost was $1778$⁢1778 and r=0.1r=0.1. Round to the nearest cent.

Added by Paula R.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Kimberly Waterbury

12/22/2021

Step 1

- Original cost, $ C = 1778 $ - Rate of depreciation, $ r = 0.1 $ - Time in years, $ t = 3 $ Show more…

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The value of a machine, V, at the end of t years is given by V=C(1−r)tV=C(1−r)t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 3 years if the original cost was $1778$⁢1778 and r=0.1r=0.1. Round to the nearest cent.