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?
Approximately how many years will it take until the car is worth $2300?
Answers
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
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
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.