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Semenov [28]
2 years ago
9

Sydney purchases a new car for $27,500. The value of the car decreases at rate of 15% each year. In approximately will the $1,25

4?
Mathematics
2 answers:
Pani-rosa [81]2 years ago
8 0

Answer:

Time taken n = 19 years (Approx)

Step-by-step explanation:

Given:

Amount of car P = $27,500

Decrease rate r = 15% = 0.15

Final amount A = $1,254

Find:

Time taken n

Computation:

A = P[1-r]ⁿ

1,254 = 27,500[1-0.15]ⁿ

0.0456 = [0.85]ⁿ

Time taken n = 19 years (Approx)

hram777 [196]2 years ago
4 0

Answer: 5 years

Step-by-step explanation:

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