12)The difference between the compound interest and simple interest on a certain sum of money for 3 years at 6% p.a. is $140. Find the sum of money.(The compound interest is compounded yearly.)
13)A new machine costs $8000.If th machine depreciates by 10% each year, find the value of the machine at the end of the second year.
14)The value of a boat depreciates on value by 5% each year. If the original price of the boat is $200000, how much is it worth at the end of the third year?
15)The price of a video camera depreciates at 4%, 5% and 6% for three successive years. Find the value of the video camera at the end of the third year if it was originally worth $5000.
16)The value of a machune depreciates each year by 20%. If the value of the machine is $40500 now, what was its value 2 years ago?