The value of a machine, V, at the end of t years is given by V = C(1 – r)', where Cis the original cost and ris the rate of depreciation. Find the value of the machine at the end of 4 years if the original cost was $2838 and r = 0.21. Round to two decimal places.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
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The value of a machine, V, at the end of t years is given by V = C(1 – r)', where Cis the original cost and ris the rate of depreciation. Find the
value of the machine at the end of 4 years if the original cost was $2838 and r = 0.21. Round to two decimal places.
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Transcribed Image Text:The value of a machine, V, at the end of t years is given by V = C(1 – r)', where Cis the original cost and ris the rate of depreciation. Find the value of the machine at the end of 4 years if the original cost was $2838 and r = 0.21. Round to two decimal places. Answer(How to Enter) Keypad Keyboard Shortcuts ev %24
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