Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 12 - Sequences and Series - 12.1 Geometric Sequences - 12.1 Exercises - Page 613: 42

Answer

The value at the end of the sixth year is $a_{6} \approx 23530$

Work Step by Step

Since the machine loses $30\%$ of its value each year, it retains $70\%$ of its value Its value at the end of each of the following years is $70\%$ of the previous year’s value. These values form a geometric sequence, with $r = 0.7, a=200.000$ The value at the end of the sixth year is $a_{6}=200.000(0.7)^{7-1} \approx 23530$
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