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lys-0071 [83]
4 years ago
10

An automobile depreciates by 20% per year. how soon will it be worth only half its original value? [hint: depreciation is like i

nterest but at a negative rate r.]
Mathematics
1 answer:
dimaraw [331]4 years ago
8 0
1/2p=p (1-0.2)^t
1/2=(1-0.2)^t
1/2=(0.8)^t
Log (1/2)=t×log (0.8)
T=log(1÷2)÷log(0.8)
T=3.1 years
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