The value of a machine depreciates each year by 5% of its value at the beginning of that year. If its value when new on 1st January, 1980 was £10,250.00, what was its value in January 1989 when it was 9 years old? Give your answer, correct to three significant figures.
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Home » Mathematics » The value of a machine depreciates each year by 5% of its value at the beginning of that year. If its value when new on 1st January, 1980 was £10,250.