Asked by Hasane

Value of a new car depreciates at a rate of 12% per year.

Approximately how many years will it take until the car is worth $2300?
Answered by Ms. Sue
What is the cost of the new car?
Answered by Hasane
$23000, forgot.
Answered by Hasane
i will repost
Answered by Damon
original value = 23,000

23,000 * .88^n = 2,300

.88 ^ n = .1

n log .88 = log .1
n = log .1 / log .88 =

n = 18 years
Answered by Hasane
is there a way to do this without using logarithms?
Answered by Hasane
and thx btw.
Answered by Damon
Nope, except trial and error
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