Daniel's print shop purchased a new printer for $35,000. Each year it depreciated at a rate of 5%. What will it's approximate value be at the end of the fourth year?

$28,507.72

Step-by-step explanation:

y=35000 (1- .05)^4

y=35000 (.95)^4

y=35000(.81451)

y=28507

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the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

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