A vehicle purchased for $27500 depreciates at a constant rate of 18% each year. Its value after t years can be modeled by the equation A=P(0.82)t, where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $11000 Round to the nearest tenth.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 10P
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A vehicle purchased for $27500 depreciates at a constant rate of 18% each year. Its value after t years can be modeled by the equation A=P(0.82)t, where P is the original value of the vehicle.

Determine the number of years that it takes for the vehicle to depreciate to $11000

Round to the nearest tenth.

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