vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?
vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
Related questions
Question
A vehicle was valued at $36,000 in the year 2011. The value depreciated to $12,000 by the year 2015. Assume that the car value continues to drop at a constant rate. How long will it take for the car to be valued at $800?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell