document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=614782>Question 614782</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An $18,000 car depreciated at a rate of 16% per year.  How old will the car be when it is worth $12,000? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #386700 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=386700\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An $18,000 car depreciated at a rate of 16% per year. How old will the car be when it is worth $12,000?<BR>\n" );
document.write( "-----<BR>\n" );
document.write( "Each year it is worth 84% of what it was worth last year.<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "18000(0.84)^t = 12000<BR>\n" );
document.write( "0.84^t = 2/3<BR>\n" );
document.write( "--<BR>\n" );
document.write( "t = log(2/3)/log(0.84) = <BR>\n" );
document.write( "t = 2.326 years<BR>\n" );
document.write( "======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "=============== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );