Answer:
The value of the printer on the first year was $ 23,750.00. On the second year it was $ 22,562.5. On the third year it was $ 21,434.38.
Step-by-step explanation:
Since the printer depreciates at a rate of 5% per year, I believe the stated equation is miss typed. Therefore I'll answer this with the correct equation that would represent that setting:
[tex]y(x) = 25,000*0.95^x[/tex]
In the first year the value of the printer is:
[tex]y(1) = 25,000*0.95^1 = 23,750[/tex]
On the second year the value of the printer is:
[tex]y(2) = 25,000*0.95^2 = 22,562.5\\[/tex]
On the third year the value of the printer is:
[tex]y(3) = 25,000*0.95^3 = 21,434.38\\[/tex]
The value of the printer on the first year was $ 23,750.00. On the second year it was $ 22,562.5. On the third year it was $ 21,434.38.
