# Depreciate 6413

The company bought a new machine for CZK 350,000. Due to wear and tear, its price will decrease by 10% annually. The machine can be written off if its price drops below 30% due to wear and tear. Determine how many years the company can depreciate the machine.

## Correct answer:

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### You need to know the following knowledge to solve this word math problem:

**algebra**- exponential equation
- geometric progression
**arithmetic**- rounding
**basic functions**- percentages
- exponential function

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### Grade of the word problem:

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