Answer:
7000
Step-by-step explanation:
5% of 35,000 is 1750 so you multiply that by 4 and get 7000.
Hope it helped!!!
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:
[tex]\text {value after "n" years }=p\left(1-\frac{r}{100}\right)^{n}[/tex]
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
[tex]\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}[/tex]
Hence the value after 4 years is $ 28507.71
