Question

A new car is purchased for 19700 dollars. The value of the car depreciates at

9.25% per year. To the nearest year, how long will it be until the value of the

car is 5500 dollars?

Answer 1

Answer:1456.98

Explanation:

Answer 2

Explanation:

We can plug this into a formula and get

`5,500 = 19,700(.9075)^(?)`

the .9075 comes from 1 - the depreciation value of 9.25% which converts to .0925 in decimal form.

? is what we are trying to solve for.

We can divide both sides by 19,700 and we get

`(55)/(197) = (0.9075)^?`

so ? is about 13.