Question

Bought a printer for $35,000. each year it depreciates 5%. What is the value after 4 years

Answer 1

Answer:

7000

Step-by-step explanation:

5% of 35,000 is 1750 so you multiply that by 4 and get 7000.

Hope it helped!!!

Answer 2

The value after 4 years is $ 28507.71

Solution:

bought a printer for $35,000 and it’s value is depreciating at the rate of 5% every year  

We have to find it’s value after 4 years

The value after 4 years is calculated using the formula:

$\text {value after "n" years }=p\left(1-\frac{r}{100}\right)^{n}$

where "p" is the initial amount

"r" is the rate of depreciation

"n" is the number of years for which the price is to be calculated

Here p = 35000 and r = 5% and n = 4

$\begin{array}{l}{=35000\left(1-\frac{5}{100}\right)^{4}} \\\\ {=35000\left(1-\frac{1}{20}\right)^{4}} \\\\ {=35000\left(\frac{19}{20}\right)^{4}=35000 \times \frac{19}{20} \times \frac{19}{20} \times \frac{19}{20} \times \frac{19}{20}=28507.71}\end{array}$

Hence the value after 4 years is $ 28507.71