Answered: A new phone’s value depreciates on…

A new phone’s value depreciates on average by 30% each year shown by the equation: If you buy a phone for $800, how many years will it take to be valued at $250?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 3PT: Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to...

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Question

A new phone’s value depreciates on average by 30% each year shown by the equation: If you buy a phone for $800, how many years will it take to be valued at $250?

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