A vehicle purchased for $29800 depreciates at a constant rate of 17 % each year. Its value after t years can be modeled by the equation A = P(0.83)', where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $10000 Round to the nearest tenth.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.87TI: Researchers recorded that a certain bacteria population grew from 100 to 500 in 6 hours. At this...
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A vehicle purchased for $29800 depreciates at a constant
rate of 17 % each year. Its value after t years can be
modeled by the equation A = P(0.83)', where P is the
original value of the vehicle.
Determine the number of years that it takes for the vehicle
to depreciate to $10000
Round to the nearest tenth.
Transcribed Image Text:A vehicle purchased for $29800 depreciates at a constant rate of 17 % each year. Its value after t years can be modeled by the equation A = P(0.83)', where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $10000 Round to the nearest tenth.
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