math

posted by .

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 -

    35,000*(0.95)^4 = $28,508.

    (Numbers used in computing taxes and depreciation are customarily rounded to the nearest dollar).

  • math -

    thanks

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. 9th grade algebra

    daniels print shop purchased a new printer for $35,000. Each year it depreciated at a rate of 5%. What will its approximate value be at the end of the fourth year?
  2. Advanced Functions

    he value of a new car depreciates at a rate of 12% per year. Write an equation to represent the approximate value of a car purchased for $23 000. Determine the value of the car two years after it is purchased. Approximately how many …
  3. Math

    The value of a car after it is purchased depreciates according to the formula v(n)=28000(0.875)^n where v(n) is the car's value in the nth year since it was purchased. How much value does it lose in its fifth year?
  4. algebra

    daniel's print shop purchased a new printer for $35'000.each year it depreciates (loses value ) at a rate 5%.what will its approximate value be at the end of the fourth year?
  5. math

    Real Estate an office building purchased for $1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula …
  6. Math

    Real Estate an office building purchased for $1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula …
  7. math

    A new car is purchased for the price of $35,000. If the value of the car depreciates at a rate of 12% per year, when will the car be worth half of the original rate?
  8. maths

    A motorcycle was purchased for Rs. 48000. If its value depreciates every year by 10%, calculate the total depreciation in its value at the end of 3 years
  9. Math

    diondre purchased a car for $22000. assuming the value of the car depreciates at a rate of 6% per year, approximately what will be the value of the car after 6 years
  10. Math

    in 2016, you purchased a new car for $20,000. The value of the car depreciates at a rate of 18% per year. The value V of the car after t years is given by the function V(t)=20000(0.82)t. When will the car be worth three-quarters of …

More Similar Questions