Homework Help: math

Posted by Anonymous on Sunday, June 14, 2009 at 11:03am.

Daniel's print shop purchased a ner printer for $35000. Each year it depreciates (loses value) at a rate of 5%. what will its approximate value be at the end of the fourth year?

math - drwls, Sunday, June 14, 2009 at 11:09am
35,000*(0.95)^4 = $28,508.

(Numbers used in computing taxes and depreciation are customarily rounded to the nearest dollar).
math - Anonymous, Sunday, June 14, 2009 at 11:30am
thanks

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