A used car was bought for $15,000. When the car was new, it sold for $25000. If the car depreciates exponentially at a rate of 6% per year, approximately how old is the car?

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Gyoho asked Nov 6, 2023

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A used car was bought for $15,000. When the car was new, it sold for

$25000. If the car depreciates exponentially at a rate of 6% per year, approximately
how old is the car?

Mathematics
high-school

Gyoho asked Nov 6, 2023

by Gyoho

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16 votes

Answer:

around 6.66 year old

Explanation:

Aditya Pansare answered Nov 10, 2023

by Aditya Pansare

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