SOLUTION: Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?

Question 959561: Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
After years, the car is worth

given:

Take the log of both sidesd

In 7 years the car will be worth $5,000
check:

close enough I think

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