Ask Question
14 September, 16:39

Determine how long, in years, it will take for the value of a motor vehicle to decrease to 25% of its original value if its rate of depreciation, based on the reduced-balance method, is 21% per annum.

+1
Answers (1)
  1. 14 September, 16:52
    0
    100 (1 -.21) ^t = 25

    .79^t =.25

    log (.79^t) = log. 25

    t log. 79 = log. 25

    t = log. 25/log. 79 = 13.7 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Determine how long, in years, it will take for the value of a motor vehicle to decrease to 25% of its original value if its rate of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers