A $20,000 car decreases in value by 15% each year how much is the car worth after three years
2 answers:
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Answer:
19
Step-by-step explanation:
3.920(1.018)ˣ = 5.500
- First we can divide both sides by 3.920 to get: (1.108)ˣ = 1.403
- Then we can take the natural log of both sides to get: ln[(1.108)ˣ] = ln(1.403)
- We can then use logarithmic rules to move the x exponent to the front: xln(1.108) = ln(1.403)
- Then we can divide both sides by ln(1.108) to get:
- Then using a calculator we get x = 18.98 ≈19