Mathematics, 25.02.2021 01:00 june745
A car depreciates at a rate of 15% of its value annually. Carl purchased a new car for $25,000 and wants to know how many years it will take until the car is worth a specific amount.
a) Formulate a logarithmic function that would find the number of years t it will take for the car to be worth x dollars.
Then
b) How many years will Carl have until the new car is worth about $5000?
Answers: 2
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