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Hank bought a $24,000 car when he graduated from college. If his car depreciates at a rate of 10% per year, how long will it take for the car to lose half its value?

Hank bought a $24,000 car when he graduated from college. If his car depreciates at a rate of 10% per year, how long will it take for the car to lose half its value?
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Hank bought a $24,000 car when he graduated from college. If his car depreciates at a rate of 10% per year, how long will it take for the car to lose half its value?

User He Hui
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1 Answer

4 votes
The answer to your question is 6 years
User Sathish D
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