A vehicle purchased for $27500 depreciates at a constant rate of 18% each year. Its value after t years can be modeled by the equation A=P(0.82)t, where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $11000 Round to the nearest tenth.

A vehicle purchased for $27500 depreciates at a constant rate of 18% each year. Its value after t years can be modeled by the equation A=P(0.82)t, where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $11000 Round to the nearest tenth.

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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