Question

daniel’s print shop purchased a new printer for 35,000 each year it depreciates at a rate of 5% how much will the printer be worth in 8 years

Answer 1

$23,219.72

Explanation:

ab^x

a: initial value

b: value remaining after depreciation per year (in percentage)

x: number of years that have passed

35000(0.95)^8= 23219.7151

Round to the nearest hundredth value:

About $23219.72