Questions: The value of a machine, V, at the end of t years is given by V=C(1-r)^t, where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 4 years if the original cost was 2040 and r=0.1. Round to the nearest cent.
Transcript text: The value of a machine, $V$, at the end of $t$ years is given by $V=C(1-r)^{t}$, where $C$ is the original cost and $r$ is the rate of depreciation. Find the value of a machine at the end of 4 years if the original cost was $\$ 2040$ and $r=0.1$. Round to the nearest cent.
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