# The machine

The annual depreciation of the machine is 10%. After eight years, the machine is worth 697 euros. What was the price of this machine at the time of purchase?

## Correct answer:

Tips for related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Do you want to convert time units like minutes to seconds?

Do you want to convert time units like minutes to seconds?

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

### Units of physical quantities:

### Grade of the word problem:

## Related math problems and questions:

- Depreciation 5990

The price of the car was € 15,000. What will be the price of a car with an annual depreciation of 1% in 8 years? - Railways 3

Railway Corporation wants to purchase a new machine for $360,000. Management predicts that the machine can produce sales of $220,000 yearly for the next five years. Expenses are expected to include direct materials, direct labor, and factory overhead (exc - Depreciated 37171

The initial price of the machine is 23,000 euros. Every year, 12% of its cost is depreciated due to wear and tear. What value will the machine have after six years? - Depreciated 37521

The initial price of the machine is 12000 euros. 21% of its price is depreciated yearly due to wear and tear. What value will the machine have after five years?

- Telephone 81292

The merchant bought 5 telephone exchanges and 10 faxes for 8,500 euros. How much did he sell them for if the sale price was 30% higher than the purchase price? - Estimated 36373

The amount of wood in a specific forest area is estimated at 2,106 m^{3}, and the annual wood growth is 2.1%. What will be the situation after 20 years? - Deposit

At the beginning of the year, Michael's father opened a bank account in which he deposited 1,800 euros. At the end of the year, he had 1,845 euros in his bank account. What was the annual interest rate in percent?