Question

The value of a machine is $40,000 . If each year its value decreases by 5 %,what will be its value be at the end of 2years?


step by step​

Answer 1

The answer to this question will be 36000

Answer 2

Answer:

The answer is 36,100

Step-by-step explanation:

The value of a machine is $40,000

If each year its value decreases by 5 %

So 5% of $40,000

$\frac{5}{100}$ x 40,000 = $2,000

And $40,000 - 2,000 = $ 38,000

And 5% of 38,000

$\frac{5}{100}$x 38000 = $ 1,900

And $38,000 - 1,900 = $ 36,100

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