A vehicle purchased for $22400 depreciates at a constant rate of 13% each year. Its value after t years canbe modeled by the equation A = P(0.87), where P is the original value of the vehicle.Determine the number of years that it takes for the vehicle to depreciate to $8000Round to the nearest tenth.

Answered: Image /qna-images/answer/0a8e3852-ffe9-4978-91d3-2d5998acdcca.jpg

Answered: A vehicle purchased for $22400…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter10: Exponential And Logarithmic Functions

Section10.CR: Review Problem Set

Problem 60CR

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