Question

PLS HELP I'M BEGGING U

A new car is purchased for 22300 dollars. The value of the car depreciates at 7.5% per year. To the nearest year, how long will it be until the value of the car is 7700 dollars?

Answer 1

13 years the value of the car is 7700 dollars.

Explanation:

Your search - { Present Volue = initial value (1-7.5%) t t is the years

∴7700 = 22300 (1-7,5%)^t

= $10.925 ) t =
`(7700)/(23300)` = 0.345 t=13

Supplement:

I year.

P value = 22300- 22300.7.5%

2 years

p value = (122300 - 22300. 7.5% ) - (22300-223107.5%)

= (22300 - 12300.7.5% ) (1-7.5%)

= 22300 (1-7.5%)(1-7.5%).

so t years :

p value = 22300 (1-7.5%)^t