masterofamber123 masterofamber123

27-03-2020
Mathematics

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Daniels print shop purchased a new printer for $35,000. Each year it depreciates at rate of 5%. How much will the printer be worth in 8 years?

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27-03-2020

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

Let me know if you have any questions :)

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