8. A machine depreciates by 40% in the first year, by 25% in the second year and by 10% per annum for the next three years, each percentage being calculated on the diminishing value. What is the average percentage of depreciation for the entire period ?
8. A machine depreciates by 40% in the first year, by 25% in the second year and by 10% per annum for the next three years, each percentage being calculated on the diminishing value. What is the average percentage of depreciation for the entire period ?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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