Machine

Price of the new machine is € 62000. Every year is depreciated 15% of residual value.

What will be the value of the machine after 3 years?

Result

x =  38075.8 Eur

Solution:

x=62000⋅(1−15100)3=38075.8  Eur x = 62000 \cdot (1 - \dfrac{ 15}{100})^3 = 38075.8 \ \text{ Eur }

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