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(Solved): Production robots to be used in a car manufacturing plant were purchased for $4,053,000. After 96 mo ...
Production robots to be used in a car manufacturing plant were purchased for
$4,053,000. After 96 months, they depreciated to a value of
$3,093,000. Assuming the depreciation rate is linear, what percentage is the depreciation rate per year? Round your answer to the nearest tenth.
2.5%
2.0%
2.7%
3.0%