4) The formula for the depreciation of a car is A = P (1-", where A is the depreciated value (final value), P is the initial value, r is the rate and n is time, in years. A vehicle depreciates in value by 11% every year. When will the same car be worth half its value? 100,

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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4) The formula for the depreciation of a car is A = P (1-", where A is the
depreciated value (final value), P is the initial value, r is the rate and n is
time, in years. A vehicle depreciates in value by 11% every year. When will
the same car be worth half its value?
100.
Transcribed Image Text:4) The formula for the depreciation of a car is A = P (1-", where A is the depreciated value (final value), P is the initial value, r is the rate and n is time, in years. A vehicle depreciates in value by 11% every year. When will the same car be worth half its value? 100.
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