A machine is purchased for and depreciates by of its value at the start of each year
MATHEMATICS · Single correct · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise
Problem
A machine is purchased for 50,000 and depreciates by 20% of its value at the start of each year. Assuming this pattern continues indefinitely, what is the total amount (in dollars) the machine will depreciate over its lifetime?
(a) 40,000
(b) 50,000
(c) 62,500
(d) 33,600