A printer has an original value of 6000 If it depreciates at

A printer has an original value of $6000. If it depreciates at the rate of 7 percent of the original cost per year; what is its value at the end of 8 years? $4280 $4000 $1960 $3360 $2640

Solution

1.
depreciation = P*R*t/100
= 6000*7*8 / 100
= 3360
FINAL PRICE = 6000 - 3360 = $2640

2.
ordered carpet = 56.5 + 30% of 56.5 = 56.5 + 0.3*56.5 = 73.45 sqft
he must order 74 sqft since fractional is not allowed
Price = 74*7 = $ 518

I am allowed to answer only 1 question at a time

 A printer has an original value of $6000. If it depreciates at the rate of 7 percent of the original cost per year; what is its value at the end of 8 years? $4

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