1. The value of an air-conditioner is $8 500 now. Its value depreciates by 7% every year. At least how many years later will its value be less than 2 3 of its original value?
1. The value of an air-conditioner is $8 500 now. Its value depreciates by 7% every year. At least how many years later will its value be less than 2 3 of its original value?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:1.
The value of an air-conditioner is $8 500 now. Its value depreciates by 7% every year. At least
how many years later will its value be less than
2
3
of its original value?
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