A manufacturer estimates that his machine depreciates by 15% of its value at the beginning of the year Find - Maths - Compound Interest

Question

A manufacturer estimates that his machine depreciates by 15% of its
value at the beginning of the year Find the original value (cost)
of the machine, if the depreciates by ?5355 during the second year

Atul Shaw · Accepted Answer

A manufacturer estimates that his machine depreciates by 15% of its value at the beginning of the year. Find the original value (cost) of the machine, if the depreciates by ?5355 during the second year.