Madyson Santana

Mathematics

23 August, 02:17

A car depreciates at a rate of 15% of its value annually. Carl purchased a new car for $25,000 and wants to know how many years will it take until the car is worth less than $5,000. He uses the equation 25000 (0.85) t = 5000. How many years will Carl have until his new car is worth about $5000? Round your answer to the nearest hundredth.

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