·A machine is assumed to depreciate at the rate of 35.5% p.a. in valuc in the first year,a 22.5% p.a. in value in the second year and @ 9.5%, p.a. in value in the third year, cach percentagebeing computed on the diminishing value. What is the average percentage depreciation for the threeycars "

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Answered: ·A machine is assumed to depreciate at…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

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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·A machine is assumed to depreciate at the rate of 35.5% p.a. in valuc in the first year, a 22.5% p.a. in value in the second year and @ 9.5%, p.a. in value in the third year, cach percentage being computed on the diminishing value. What is the average percentage depreciation for the three ycars "