Cedric bought his truck new for $20,000. It’s value decreases 15.4% each year. In approximately how many years will the value of

Question

BlackZzzverrR [31]

2 years ago

11

Cedric bought his truck new for $20,000. It’s value decreases 15.4% each year. In approximately how many years will the value of

the truck be half of what he paid for it? Round to the nearest whole number. PLEASE EXPLAIN

Mathematics

1 answer:

SVEN [57.7K] · Answer 1 · 2022-07-02T03:51:25+03:00

SVEN [57.7K]2 years ago

5 0

Answer:

3.24 years

Step-by-step explanation:

We know that for the truck to become half of the value it has to decrease by %50 if it decreases by %15.4 the real question is 50/15.4=3.24 years because how many years will it take for %15.4 to pile up and eventually become %50