A new car is purchased for 15700 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 10100 dollars?

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asked Sep 16, 2021 100k views

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A new car is purchased for 15700 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 10100 dollars?

Mathematics
middle-school

Czarina asked

by Czarina

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It will take almost 6 years to depreciate the value of the car to 10100 dollars.

Joze answered Sep 22, 2021

by Joze

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