Question

A new car is purchased for 20700 dollars. The value of the car depreciates at 7.25% per year. To the nearest year, how long will it be until the value of the car is 10800 dollars?​

Answer 1

So if it’s 7 years, it would be 50.75%.
20,700-50.75%= 10194.75
That’s just a little below 10800.
6 years would be 43.5%
20,700-43.5%= 11695.5
10194.75 is closer to 10800 than 11695.5. Therefore the nearest year is 7