Question

Bought a printer for $35,000. each year it depreciates 5%. What is the value after 4 years

Answer 1

7000

Explanation:

5% of 35,000 is 1750 so you multiply that by 4 and get 7000.

Hope it helped!!!

Answer 2

The value after 4 years is $ 28507.71

Solution:

bought a printer for $35,000 and it’s value is depreciating at the rate of 5% every year

We have to find it’s value after 4 years

The value after 4 years is calculated using the formula:

`\text {value after`

where "p" is the initial amount

"r" is the rate of depreciation

"n" is the number of years for which the price is to be calculated

Here p = 35000 and r = 5% and n = 4

`\begin{array}{l}{=35000\left(1-(5)/(100)\right)^(4)} \\\\ {=35000\left(1-(1)/(20)\right)^(4)} \\\\ {=35000\left((19)/(20)\right)^(4)=35000 * (19)/(20) * (19)/(20) * (19)/(20) * (19)/(20)=28507.71}\end{array}`

Hence the value after 4 years is $ 28507.71