A car purchased for $25,000 depreciates at a rate of 17% per year. How long will it take for the car to lose half of its value? Round your answer to the nearest hundredth.

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
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Chapter3: Math Models
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Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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A car purchased for $25,000 depreciates at a rate of 17% per year. How long will it take for the car to lose half of its value? Round your answer to the
nearest hundredth.
Transcribed Image Text:A car purchased for $25,000 depreciates at a rate of 17% per year. How long will it take for the car to lose half of its value? Round your answer to the nearest hundredth.
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