The value of a machine depreciates by 20% per year, valuegiven by V(t) = 3800(0.

Question

The value of a machine depreciates by 20% per year, valuegiven by V(t) = 3800(0.8)t What is the value of the machine new which I know is$3800 BUT I need to know how to calculate it after 3 years. Myteacher says the answer is $1945.60. How do you get tothat? The value of a machine depreciates by 20% per year, valuegiven by V(t) = 3800(0.8)t What is the value of the machine new which I know is$3800 BUT I need to know how to calculate it after 3 years. Myteacher says the answer is $1945.60. How do you get tothat? What is the value of the machine new which I know is$3800 BUT I need to know how to calculate it after 3 years. Myteacher says the answer is $1945.60. How do you get tothat?

Explanation / Answer

V(3)=3800(0.8)3 =3800(.8)(.8)(.8)=1945.6

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