A piece of machinery valued at $38,000 depreciates at a rate of 7% yearly. How long will it take until it has a value of $19,000? Please round the answer to the nearest tenth. 

A. 11.9 years
B. 14.9 years
C. 12.9 years
D. 9.9 years
E. 8.9 years


Answer: D

Mathematics

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