A car was valued at $38,000 in the year 2007. By 2013 , the value had depreciated to $11,000 If the car's value continues to drop by the same percentage, what will it be worth by 2017?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
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A car was valued at $38,000 in the year 2007. By 2013 , the value had depreciated to $11,000 If the car's value continues to drop by the same percentage, what will it be worth by 2017?

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