car’s value depreciates by 7% every year. It was purchased for $12000. Write an equation for the value of the car What will it be worth after 4 years? How long will it take for the car’s value to fall to half the purchase price? (Answer in years and months to the nearest month).

car’s value depreciates by 7% every year. It was purchased for $12000. Write an equation for the value of the car What will it be worth after 4 years? How long will it take for the car’s value to fall to half the purchase price? (Answer in years and months to the nearest month).

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter4: Polynomials

Section4.10: Problems Without Solutions

Problem 3P

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Question

A car’s value depreciates by 7% every year. It was purchased for $12000.

Write an equation for the value of the car

What will it be worth after 4 years?

How long will it take for the car’s value to fall to half the purchase price? (Answer in years and months to the nearest month).

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