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14-04-2020
Mathematics

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Daniel’s Print Shop purchased a new printer for 35,000. Each year it depreciates at a rate of 5%. If I wanted to determine the approximate value after 8 years, which type of growth model would I use?

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14-04-2020

Answer: Assuming the only options are exponential and logistical, its would be exponential growth

Step-by-step explanation:

Most of the time, when you are only dealing with percentages, you use exponential growth. Logistical Growth is normally associated with population.

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