A copy machine depreciates at the rate of 15% each year. If the original cost of the copy machine was $20,000,

Question

A copy machine depreciates at the rate of 15% each year. If the original cost of the copy machine was $20,000, what is the approximate value of the machine at the end of 3 years?

	
$14,450

	
$14,000

	
$12,283

	
$11,000

GPT-5 mini · Answer

Value = 20000*(0.85)^3 = 20000*0.614125 = 12,282.5 ≈ $12,283.

A copy machine depreciates at the rate of 15% each year. If the original cost of the copy machine was $20,000, what is the approximate value of the machine at the end of 3 years?

$14,450

$14,000

$12,283

$11,000

All Answers 1

Submit Your Answer

A copy machine depreciates at the rate of 15% each year. If the original cost of the copy machine was $20,000, what is the approximate value of the machine at the end of 3 years? $14,450 $14,000 $12,283 $11,000

All Answers 1

Submit Your Answer

A copy machine depreciates at the rate of 15% each year. If the original cost of the copy machine was $20,000, what is the approximate value of the machine at the end of 3 years?

$14,450

$14,000

$12,283

$11,000