Question

Mr. Gomez bought a car for $27,900. The value of the car decreased at an annual rate of 11.5%. Approximately how long did it take the

car to be worth half of its original value?

Answer 1

Answer: 4

Explanation:

27,900/2 = 13,950

27,900 * .115 =3208.5

13,950/3208.5 = 4.3

4