Ask Question
11 February, 10:15

A car that originally cost $20,000 depreciates by 15% each year in about how many years will be car be worth half its value use the equation 10,000=20,000 (0.85) ^x to solve the problem round your answer to the nearest dollar

+2
Answers (1)
  1. 11 February, 10:38
    0
    0.5=0.85^x taking the natural log of both sides ...

    ln0.5=x ln0.85

    x=ln0.5 / (ln0.85)

    x≈4.265

    Then:

    f=20000 (0.85) ^ (4.265)

    f=$10000.00 to nearest dollar
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A car that originally cost $20,000 depreciates by 15% each year in about how many years will be car be worth half its value use the ...” 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