Question

A print shop purchases a new printer for $25,000. The equipment depreciates at a rate of 5% each year. The relationship between the value of the printer, y, and the year number, x, can be represented by the equation, y = 25,000 • 0.95 x .
Complete the table below with the value of the printer, to the nearest cent, in years 1, 2, and 3. Include proper commas and decimals in your answer.

x y
0 25,000
1 a0
2 a1
3 a2

Answer 1

To complete the table, just use the given equation to solve for the corresponding values of y. and i think the formula is wrong, it should be
y =  25,000 • 0.95^x

at x = 1
a0 = y = 25,000 • 0.95^x
 a0 =  25,000 • 0.95^(1)
a0 = 23750.00

at x = 2
a1 = y =  25,000 • 0.95^x
a1 =  25,000 • 0.95^( 2 )
a1 = 22562.50

at x = 3
a2 = y =  25,000 • 0.95^x
a2 =  25,000 • 0.95^( 3 )
a2 = 21434.38