A lathe is purchased by a workshop for €2500. It depreciates by 20% each year. Find the value of the lathe after 3 years.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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A lathe is purchased by a workshop for 2500 euros. It depreciates by 20% each year. Find the value of the lathe after three years

1 A lathe is purchased by a workshop for €2500. It depreciates by 20% each year. Find the value of
the lathe after 3 years.
Transcribed Image Text:1 A lathe is purchased by a workshop for €2500. It depreciates by 20% each year. Find the value of the lathe after 3 years.
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