Asked by Sammy

Kensin longs to own a Maserati. He can afford $40,000 for a car. If this year’s model sells for $135,000 and will depreciate at 10% a year, in how many years will he be able to afford this model Maserati?
Answered by Reiny
135000(.9^n) = 40000
.9^n = .29629...

n log.9 = log .29629..
n = 11.5 years
Answered by Tatiana
How did you get .29629
Answered by melissa
by dividing 40,000 and 135,000
Answered by bre
where is the .9 from?
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