jasonaddison jasonaddison

04-04-2020
Mathematics

contestada

Daniel’s Print Ship purchaser 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.

Respuesta :

strongwilled strongwilled

04-04-2020

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

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