The value of a machine, V, at the end of t years is given by v=C(1-r)t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 4 years if the original cost was $1930 and r=0.1. Round to the nearest cent.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
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The value of a machine, V, at the end of t years is given by v=C(1-r)t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 4 years if the original cost was $1930 and r=0.1. Round to the nearest cent.

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