Mustration 9.36. A given machine is assumed to depreciate 40 per cent in value in the first year, 25 per cent in the second year and 10 per cent per annum for the next three years, each per- centage being calculated on the diminishing value. What is the average percentage depreciation, reckoned on the diminishing value for the five years?
Mustration 9.36. A given machine is assumed to depreciate 40 per cent in value in the first year, 25 per cent in the second year and 10 per cent per annum for the next three years, each per- centage being calculated on the diminishing value. What is the average percentage depreciation, reckoned on the diminishing value for the five years?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 67E
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