in 2008 the price of a new Mazda, RX-8, four door coupe was $28,900. Assume that the value of the car depreciates by 16.3% each year. The half-life is    years (round to two decimal places). The Mazda was worth approximately half of its original value in the year

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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in 2008 the price of a new Mazda, RX-8, four door coupe was $28,900. Assume that the value of the car depreciates by 16.3% each year.

The half-life is    years (round to two decimal places).

The Mazda was worth approximately half of its original value in the year    .

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