A company has 25 million dollars worth of equipment this


A company has 25 million dollars' worth of equipment. This company depreciates the value of the equipment at the rate of 10 % per year. How long does it takes for the value of the equipment to drop to 50 % of its original value? What would be the value of equipment after 25 years? What would be the value of equipment after 25 years as proportion of the original value?

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Microeconomics: A company has 25 million dollars worth of equipment this
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