Question

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?

Answer 1

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

Explanation:

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