A print shop purchases a new printer for $25,000. The equipment depreciates at a rate of 5% each year. The relationship between the value of the printer, y, and the year number, x, can be represented by the equation, y = 25,000 • 0.95 x.

Complete the table below with the value of the printer, to the nearest cent, in years 1, 2, and 3. Include proper commas and decimals in your answer.

x y

0 25,000

1 a0

2 a1

3 a2

Question

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Mathematics

23 March, 06:46

A print shop purchases a new printer for $25,000. The equipment depreciates at a rate of 5% each year. The relationship between the value of the printer, y, and the year number, x, can be represented by the equation, y = 25,000 • 0.95 x.

Complete the table below with the value of the printer, to the nearest cent, in years 1, 2, and 3. Include proper commas and decimals in your answer.

x y

0 25,000

1 a0

2 a1

3 a2

+3

Answers (1)

Know the Answer?

Warner · Answer 1

To complete the table, just use the given equation to solve for the corresponding values of y. and i think the formula is wrong, it should be

y = 25,000 • 0.95^x

at x = 1

a0 = y = 25,000 • 0.95^x

a0 = 25,000 • 0.95^ (1)

a0 = 23750.00

at x = 2

a1 = y = 25,000 • 0.95^x

a1 = 25,000 • 0.95^ (2)

a1 = 22562.50

at x = 3

a2 = y = 25,000 • 0.95^x

a2 = 25,000 • 0.95^ (3)

a2 = 21434.38