Question

Daniels print shop purchased a new printer for $35,000. Each year it depreciates at rate of 5%. How much will the printer be worth in 8 years?

Answer 1

Ab^x
a: initial value
b: value remaining after depreciation per year (in percentage)
x: number of years that have passed

35000(0.95)^8= 23219.7151

Round to the nearest hundredth value:
About $23219.72

Let me know if you have any questions :)