Daniel’s Print Shop purchased a new printer for 35,000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?

23219.72

Step-by-step explanation:

The formula for exponential decay is a*(1-r)^t, where a is the initial amount, r is the rate, and t is the time. If we use the equation you get 35000*(1-0.05)^8=23219.72

$30.32

step-by-step explanation:

65.00*.12=2.80

65.00-2.80=57.20

57.20*1.06=60.632

60.632/2=30.316