vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?

vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...

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A vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?

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