A vehicle purchased for $3250032500 depreciates at a constant rate of 16%16% each year. Its value after t years can be modeled by the equation A=P(0.84)tA=P(0.84)t, where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $1200012000
A vehicle purchased for $3250032500 depreciates at a constant rate of 16%16% each year. Its value after t years can be modeled by the equation A=P(0.84)tA=P(0.84)t, where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $1200012000
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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A vehicle purchased for $3250032500 depreciates at a constant rate of 16%16% each year. Its value after t years can be modeled by the equation A=P(0.84)tA=P(0.84)t, where P is the original value of the vehicle.
Determine the number of years that it takes for the vehicle to depreciate to $1200012000
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