A machinery depreciated by 40% in the first year, 25 per cent in the second and 10% p.a. during the next three years. What is the average rate of depreciation during the whole period?
A machinery depreciated by 40% in the first year, 25 per cent in the second and 10% p.a. during the next three years. What is the average rate of depreciation during the whole period?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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![Question:
A machinery depreciated by 40% in the first
year, 25 per cent in the second and 10% p.a.
during the next three years. What is the
average rate of depreciation during the
whole period?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7d979f4-42b2-4735-a6d0-9d9682b3a181%2F1922c130-f75e-4b1d-b295-2db3ae7520f0%2F7atvwo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question:
A machinery depreciated by 40% in the first
year, 25 per cent in the second and 10% p.a.
during the next three years. What is the
average rate of depreciation during the
whole period?
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