SOLUTION: After T years, the value of a car purchased for $20,000 is
v=20,000(.75)^T
When will this car be worth $500.00?
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Question 61857: After T years, the value of a car purchased for $20,000 is
v=20,000(.75)^T
When will this car be worth $500.00?
Found 2 solutions by stanbon, josmiceli:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
After T years, the value of a car purchased for $20,000 is
v=20,000(.75)^T
When will this car be worth $500.00?
-------------
500=20000(0.75)^T
1/40 = 0.75^T
Take the log of both sides to get:
-1.60206=T(-0.1249387366)
T=12.82 years.
Cheers,
Stan H.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The car will be worth $500 in about 12 years 8 months
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