The value of a car is decreasing by 1.5% per month. Suppose depreciation continues at this rate. (a) Approximately when will the car’s value drop to half of its current value? (b) Exactly when will the car’s value drop to half of its current value?

The value of a car is decreasing by 1.5% per month. Suppose depreciation continues at this rate. (a) Approximately when will the car’s value drop to half of its current value? (b) Exactly when will the car’s value drop to half of its current value?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....

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The value of a car is decreasing by 1.5% per month. Suppose depreciation continues at this
rate.
(a) Approximately when will the car’s value drop to half of its current value?
(b) Exactly when will the car’s value drop to half of its current value?

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