Asked by Veronica

Donald's Jaguar loses value at 8% per year for the first nine years when should he sell it if he wants to receive 62% of what he paid for it?

Answers

Answered by Reiny
100(.92)^t = 62
.92^t = .62
logs ...

t log.92 =log .62
t = 5.7 years

Make the necessary proper statements.
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions