A vehicle purchased for $29800 depreciates at a constant rate of 17 % each year. Its value after t years can be modeled by the equation A = P(0.83)', where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $10000 Round to the nearest tenth.

Trigonometry (MindTap Course List)
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ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Charles P. McKeague, Mark D. Turner
Chapter4: Graphing And Inverse Functions
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A vehicle purchased for $29800 depreciates at a constant
rate of 17 % each year. Its value after t years can be
modeled by the equation A = P(0.83)', where P is the
original value of the vehicle.
Determine the number of years that it takes for the vehicle
to depreciate to $10000
Round to the nearest tenth.
Transcribed Image Text:A vehicle purchased for $29800 depreciates at a constant rate of 17 % each year. Its value after t years can be modeled by the equation A = P(0.83)', where P is the original value of the vehicle. Determine the number of years that it takes for the vehicle to depreciate to $10000 Round to the nearest tenth.
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