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28 September, 05:45

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?

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  1. 28 September, 08:03
    0
    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
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