A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How soon will it be worth only half its original value?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How soon will it be worth only half its original value?

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