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?
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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
