A restaurant buys kitchen equipment for $⁢8,000 , and it depreciates at 12% per year. How much will the equipment be worth after 5 years? The exponential depreciation formula is y=A⁢(1−r)^x

Use the depreciation formula with A = 8,000, r = 0.12, and x = 5: y = 8,000(1 − 0.12)^5 = 8,000(0.88)^5 ≈ 4,221.86. The equipment will be worth about $4,221.86, which is choice C.

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