Question

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

Answer 1

Answer:

Step-by-step explanation:

We can plug this into a formula and get

$5,500 = 19,700(.9075)^{?}$

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

$\frac{55}{197} = (0.9075)^?$

so ? is about 13.