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

Answer:

23219.72

Step-by-step explanation:

The formula for exponential decay is a*(1-r)^t, where a is the initial amount, r is the rate, and t is the time. If we use the equation you get 35000*(1-0.05)^8=23219.72