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A new car is purchased for 19700 dollars. The value of the car depreciates at

9.25% per year. To the nearest year, how long will it be until the value of the

car is 5500 dollars?

Respuesta :

jaimie11121

Answer:

Step-by-step explanation:

We can plug this into a formula and get

[tex]5,500 = 19,700(.9075)^{?}[/tex]

the .9075 comes from 1 - the depreciation value of 9.25% which converts to .0925 in decimal form.

? is what we are trying to solve for.

We can divide both sides by 19,700 and we get

[tex]\frac{55}{197} = (0.9075)^?[/tex]

so ? is about 13.

Answer:1456.98

Step-by-step explanation:

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