You buy a new car for the price of $28,750 and, on average, that car’s value will depreciate by 18.25% each year. Use a graphing calculator to determine the time when your car’s value will be just $10,000 to the nearest year

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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You buy a new car for the price of $28,750 and, on average, that car’s value will depreciate by 18.25% each year. Use a graphing calculator to determine the time when your car’s value will be just $10,000 to the nearest year.

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