A vehicle purchased for $32500 depreciates at a constant rate of 16 % each year. Its value after t years can be modeled by the equation A P(0.84)', where P is the original value of the vehicle. %3D Determine the number of years that it takes for the vehicle to depreciate to $11000 Round to the nearest tenth.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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A vehicle purchased for $32500 depreciates at a constant rate of 16 % each year. Its value after t years
can be modeled by the equation A = P(0.84)', 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.
Add Work
Transcribed Image Text:A vehicle purchased for $32500 depreciates at a constant rate of 16 % each year. Its value after t years can be modeled by the equation A = P(0.84)', 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. Add Work
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