SOLUTION: Please show me how to do this problem using K. I have seen other formulas for vehicle depreciation but not using k. Lee bought a car for $20,000. Depreciation is expected to be a

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Please show me how to do this problem using K. I have seen other formulas for vehicle depreciation but not using k. Lee bought a car for $20,000. Depreciation is expected to be a      Log On


   



Question 1022770: Please show me how to do this problem using K. I have seen other formulas for vehicle depreciation but not using k. Lee bought a car for $20,000. Depreciation is expected to be at a continuous rate. What will be the value of the car in 2 years using k - 0.105. Also is the time to be in years or months in the formula?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Please show me how to do this problem using K. I have seen other formulas for vehicle depreciation but not using k. Lee bought a car for $20,000. Depreciation is expected to be at a continuous rate. What will be the value of the car in 2 years using k - 0.105. Also is the time to be in years or months in the formula?
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What does K represent?